In your own words, answer this unit’s discussion questions in a main post (recommended minimum 300 words)
Various types of budgets facilitate understanding about the big picture of a business. There are budgets that are set and unchangeable, as well as budgets that allow for variability.
- Explain 2 different types of budgets and discuss how they complement each other.
- What is the difference between a flexible budget and a static budget? Which one do you believe works better for a business you have worked for or about which you are familiar?