Accounting Multiple Choice Question – 19 October 2021

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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What is a flexible budget? 

Select ONE answer:

  1. a budget based on expected level of production
  2. a budget based on past performance but updated to take account of present conditions
  3. a budget that reflects changes in activity levels
  4. a budget that links fixed overheads to production

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 3

  1. Not correct
  2. Not correct
  3. Correct
  4. Not correct

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