X nine now managers use financial information to guide important decisions pare and analyze various types of budgets d the following before entering your Test Practice: s Test Practice will cover information from this lesson as well as the previous two lessons. ere is no time limit on the Test Practice. nice you achieve an 80% or higher on this Test Practice you will be allowed to advance to this lesson's Test. you do not pass this Test Practice with an 80% or higher within 5 tries, you will not be eligible to take the graded test and must n the next lesson. you lose your Internet connection during your Test Practice, log on again and reenter your Test Practice. bmitting Your Test Practice: When you are finished with this Test Practice, click the Submit Quiz button. Question 1 20 pts Which of the following statements fails to accurately describe flexible budgets? O A flexible budget used for planning purposes is based on multiple levels of activity. O Flexible budgets give managers the ability to prepare for resource needs at multiple levels of activity. As a performance evaluation tool, a flexible budget provides for an "apple to apple" comparison of budgeted and actual operating results. Flexible budgets can only be used in planning and controlling product costs D Question 2 20 pts Anme is considering moving from her apartment artment is noisy, and she