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CIMA Exam CIMAPRO19-P01-1 Topic 6 Question 89 Discussion

Actual exam question for CIMA's CIMAPRO19-P01-1 exam
Question #: 89
Topic #: 6
[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 Kayleigh at May 30, 2024, 02:38 PM

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Youlanda
2 months ago
That makes sense, it allows for adjustments based on actual activity.
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Evette
2 months ago
I think it's C) changed in response to changes in the level of activity.
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Youlanda
2 months ago
What do you think a flexible budget is?
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Kallie
2 months ago
B) continuously updated by adding a further accounting period - that just sounds like good budgeting practice, not necessarily what defines a flexible budget.
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Aleisha
1 months ago
B) continuously updated by adding a further accounting period - that just sounds like good budgeting practice, not necessarily what defines a flexible budget.
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Vonda
1 months ago
C) changed in response to changes in the level of activity
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Shawnee
2 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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Annamaria
3 months ago
I'd go with D) changed in response to changes in costs. That seems like the key defining characteristic of a flexible budget.
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Roxane
3 months ago
C) changed in response to changes in the level of activity. This makes the most sense to me as a flexible budget should adapt to changes in the business environment.
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Sheron
2 months ago
C) changed in response to changes in the level of activity
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Dona
2 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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Joni
2 months ago
C) changed in response to changes in the level of activity
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Truman
2 months ago
C) changed in response to changes in the level of activity
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Alex
2 months ago
B) continuously updated by adding a further accounting period when the earliest accounting period has expired
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Nakisha
2 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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Gayla
2 months ago
A) set prior to the control period and not subsequently changed in response to changes in activity period has expired
upvoted 0 times
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