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A flexible budget is O a. a budget for a twelve month period which includes planned revenues, expenses, assets and liabilities O b. a budget

A flexible budget is O a. a budget for a twelve month period which includes planned revenues, expenses, assets and liabilities O b. a budget which, by recognizing different cost behaviour patterns, is designed to change as volume of activity changes O c. a budget which is prepared for a rolling period which is reviewed monthly, and updated accordingly O d. a budget for semi-variable overhead costs only Questi Not ye Marke P Flag

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