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Flexible budgets vary from static (or forecasted) budgets on the basis of: a - revenue b - expenses c - income d - cash flow

Flexible budgets vary from static (or forecasted) budgets on the basis of:

a - revenue

b - expenses

c - income

d - cash flow

e - volume

One useful way to review the validity of a financial plan is to compare the projected financial ratios with historical values.

True

False

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