Budgetings a tool used by management for performing the functions of planning coordinating and controlling operations of a business. Our textbook Monaging Accounting Concepts describes 2 main types of budgeting static budgets and flexible budgets Respond to the following in a minimum of 175 words: Oifferentiate 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 Indude the advantage for using a flexible budget over a static budget