A fixed budget, also known as a static budget, has resources allocated on a single estimate of costs. That budget amount __________.

a. must be adjusted over time
b. cannot be adjusted over time
c. is often adjusted over time
d. is adjusted frequently during the budget period

b. cannot be adjusted over time

Business

You might also like to view...

At a medical check-up, the fear that a disease will be found is a

a. monetary cost b. perceived cost c. social cost d. physical cost e. dual cost

Business

Explain the role of the advising bank in a letter of credit transaction

What will be an ideal response?

Business