A __________ budget is defined as one that allocates a fixed amount of resources for a specific purpose.
A)Fixed.
B)Flexible.
C)Zero-based.
D)Contingency.
E)Comprehensive.

Question

Quizplus · Accepted Answer

A fixed budget is the only option that directly states the allocation of a fixed amount of resources for a specific purpose. Flexible budgets allow for adjustments based on changes in activity levels, zero-based budgets require justification for each expense, contingency budgets allocate funds for unexpected events, and comprehensive budgets include all aspects of a company's finances.

A __________ Budget Is Defined as One That Allocates a Fixed