A flexible budget: A) is based on a single assumed level of ...

[yoroshambo]

A flexible budget:
 A) is based on a single assumed level of sales.
  B) differentiates the budgeted costs for each sales level.
  C) is the budget that is prepared before a static budget.
  D) cannot be used for evaluating real-world sales situations.

Question 2

A partnership formed to operate for a specific time period or to accomplish a specific purpose is known as a
 A) conglomerate.
  B) cooperative.
  C) joint venture.
  D) corporation.
  E) joint merger.

[jasonq]

Answer to Question 1

B

Answer to Question 2

C