Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students or your faculty member.
Budgeting is a tool used by management for performing the functions of planning, coordinating, and controlling operations of a business. Our textbook, Managing Accounting Concepts, describes 2 main types of budgeting: static budgets and flexible budgets.
Respond to the following in a minimum of 175 words:
- Differentiate between the 2 types of budgets.
- Provide an example of the type of business or company that would benefit from using a flexible budget.
- Provide support for your business selection and include the advantage for using a flexible budget over a static budget.
Reply to at least 2 of your classmates or your faculty member. Be constructive and professional in your responses.
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