The type of budget that serves as the original benchmark for evaluating performance is called a ________ budget.
A)strategic
B)long-range
C)flexible
D)static

Question

Quizplus · Accepted Answer

A static budget is prepared for a particular level of activity, and it cannot be adjusted during the period. As it provides the original benchmark for evaluating performance, it is useful in monitoring and controlling costs and measuring efficiency.

The Type of Budget That Serves as the Original Benchmark