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CIMA Exam CIMAPRO19-P01-1 Topic 3 Question 96 Discussion

Actual exam question for CIMA's CIMAPRO19-P01-1 exam
Question #: 96
Topic #: 3
[All CIMAPRO19-P01-1 Questions]

A flexible budget is a budget that is:

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Suggested Answer: C

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by Veta at Sep 08, 2024, 12:50 PM

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Torie
6 months ago
C) changed in response to changes in the level of activity. Duh, that's what 'flexible' is all about!
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Royal
6 months ago
A) set prior to the control period and not subsequently changed in response to changes in activity period has expired. Wow, talk about inflexible!
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Sabra
6 months ago
B) continuously updated by adding a further accounting period when the earliest accounting period has expired. Gotta keep up with the times, am I right?
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Fredric
5 months ago
A) set prior to the control period and not subsequently changed in response to changes in activity period has expired
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Katy
5 months ago
D) changed in response to changes in costs
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Chanel
5 months ago
C) changed in response to changes in the level of activity
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Cristal
6 months ago
D) changed in response to changes in costs. That's the key to a truly flexible budget, isn't it?
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Adrianna
5 months ago
Absolutely, having a budget that can respond to changes in costs is crucial for staying on track financially.
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Micheal
5 months ago
I agree, being able to adjust the budget based on changes in costs is essential for effective financial planning.
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Tasia
5 months ago
Yes, you're right. A flexible budget should definitely be able to adapt to changes in costs.
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Jeanice
6 months ago
I think a flexible budget should be able to adapt to both changes in activity and costs, so maybe it's a combination of options C and D.
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Lorean
6 months ago
I'm not sure, but I think it could also be changed in response to changes in costs, so maybe option D?
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Erin
6 months ago
I agree with Dion, option C makes sense because a flexible budget should adjust to the actual activity.
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Sanjuana
6 months ago
C) changed in response to changes in the level of activity. This seems like the most flexible option to me.
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Kattie
6 months ago
C) changed in response to changes in the level of activity. This seems like the most flexible option to me.
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Amira
6 months ago
B) continuously updated by adding a further accounting period when the earliest accounting period has expired
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Emile
6 months ago
A) set prior to the control period and not subsequently changed in response to changes in activity period has expired
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Dion
7 months ago
I think a flexible budget is changed in response to changes in the level of activity.
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