CIMAPRO19-P01-1 Exam - Topic 3 Question 52 Discussion

Actual exam question for CIMA's CIMAPRO19-P01-1 exam

Question #: 52
Topic #: 3

[All CIMAPRO19-P01-1 Questions]

A flexible budget is a budget that is:

Aset prior to the control period and not subsequently changed in response to changes in activity period has expired

Bcontinuously updated by adding a further accounting period when the earliest accounting period has expired

Cchanged in response to changes in the level of activity

Dchanged in response to changes in costs

Show Suggested Answer

Suggested Answer: C

References:

by Glory at May 31, 2022, 10:17 PM

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Haley

7 months ago

Flexibility is key for accurate financial planning!

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Karan

7 months ago

Really? I always thought budgets were set in stone.

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Carma

7 months ago

Wait, I thought it was just about costs changing?

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Sabra

7 months ago

Totally agree, it's all about adapting!

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Harrison

8 months ago

A flexible budget adjusts with activity levels, right?

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Maurine

8 months ago

I recall something about flexible budgets being responsive to changes, but I can’t remember if it was specifically about activity or costs. I might go with C just to be safe.

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Candida

8 months ago

I’m not entirely sure, but I feel like flexible budgets are more about adjusting for costs rather than activity levels. Maybe it’s D?

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Susana

8 months ago

I think a flexible budget is one that adjusts based on activity levels, so I’m leaning towards option C.

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Nguyet

8 months ago

I remember practicing a question about budgets, and I’m pretty sure flexible budgets are updated when activity changes. That makes me think C is correct.

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Jovita

8 months ago

Okay, let's see. I remember from the Docker documentation that it supports the latest Windows Server versions, so B seems like the most likely answer here. I'll go with that.

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