A budget that allocates a specific amount of resources for a specific purpose is called a __________ budget.
A) project
B) flexible
C) fixed
D) zero-based

Question

Quizplus · Accepted Answer

A fixed budget allocates a specific amount of resources for a specific purpose, meaning that the budget is set and does not change regardless of any fluctuations in revenue or expenses. A project budget is created specifically for the duration of a project, a flexible budget can adjust to changes in revenue or expenses, and a zero-based budget allocates resources based on specific needs rather than historical spending.

A Budget That Allocates a Specific Amount of Resources for a Specific