IIA Exam IIA-CIA-Part3 Topic 1 Question 73 Discussion

Actual exam question for IIA's IIA-CIA-Part3 exam

Question #: 73
Topic #: 1

Which of the following statements is true regarding the term "flexible budgets" as it is used in accounting?

AThe term describes budgets that exclude fixed costs.

BFlexible budgets exclude outcome projections, which are hard to determine, and instead rely on the most recent actual outcomes.

CThe term is a red flag for weak budgetary control activities.

DFlexible budgets project data for different levels of activity.

Show Suggested Answer

Suggested Answer: D

by Ernie at Mar 06, 2024, 08:12 PM

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