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

A flexible budget is a budget that is:
C) changed in response to changes in the level of activity
A) set prior to the control period and not subsequently changed in response to changes in activity period has expired
B) continuously updated by adding a further accounting period when the earliest accounting period has expired
D) changed in response to changes in costs

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:

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Suggested Answer: C

References:


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

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Haley
8 months ago
Flexibility is key for accurate financial planning!
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Karan
9 months ago
Really? I always thought budgets were set in stone.
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Carma
9 months ago
Wait, I thought it was just about costs changing?
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Sabra
9 months ago
Totally agree, it's all about adapting!
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Harrison
9 months ago
A flexible budget adjusts with activity levels, right?
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Maurine
9 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
9 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
9 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
10 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
10 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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