A static budget is based on a single assumed level of sales and is an excellent tool for planning.

Name: A static budget is based on a single assumed level of sales and is an excellent tool for planning.
Brand: Quizplus
Rating: 4.8 (31 reviews)

Question

Quizplus · Accepted Answer

A static budget is indeed based on a single assumed level of sales, which makes it useful for planning as it provides a clear financial framework and targets for a specific level of activity. However, it may not be flexible enough to adapt to changes in actual sales levels.

A Static Budget Is Based on a Single Assumed Level