Mark follows the cash budget like it was carved in stone.He has fallen prey to the one real danger in over-reliance on a cash budget:
A)inflexibility.
B)pliability.
C)exaggeration.
D)errors.

Question

Quizplus · Accepted Answer

The danger of over-reliance on a cash budget is inflexibility. While it is important to have a plan for managing cash flow, relying too heavily on a single budget without room for adjustments can limit a business's ability to respond to unexpected expenses or changes in circumstances.

Mark Follows the Cash Budget Like It Was Carved in Stone.He