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CIMA Exam CIMAPRO19-P01-1 Topic 9 Question 104 Discussion

Actual exam question for CIMA's CIMAPRO19-P01-1 exam
Question #: 104
Topic #: 9
[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 Chau at Dec 06, 2024, 08:48 AM

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Hyun
10 days ago
C) changed in response to changes in the level of activity. Yep, that's the one. Gotta be nimble to stay on top of those activity changes.
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Nilsa
11 days ago
A flexible budget, huh? Sounds like my monthly food budget. Always gotta leave room for an extra pizza or two!
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Karrie
2 days ago
I agree, a flexible budget is like having extra money for unexpected expenses.
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Franchesca
24 days ago
I think both are important, but ultimately a flexible budget should be able to adapt to both activity and cost changes.
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Clemencia
30 days ago
Hmm, I'm torn between C and D. I guess it depends on the specific situation, but both seem like valid options.
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Lorita
16 days ago
I agree, but D could also be correct since costs can also impact a flexible budget.
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Olive
24 days ago
I think it's C, because a flexible budget is adjusted based on changes in activity.
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Angella
1 months ago
But what about changing the budget in response to changes in costs? Wouldn't that be important too?
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Emmanuel
1 months ago
D) changed in response to changes in costs. That's a good one too, the budget should reflect the real cost fluctuations.
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Mauricio
12 days 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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Brittani
14 days ago
D) changed in response to changes in costs
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Alexis
16 days ago
C) changed in response to changes in the level of activity
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Audra
1 months ago
I agree with Antione, it makes sense to adjust the budget based on activity changes.
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Gary
2 months ago
C) changed in response to changes in the level of activity. Makes sense, a flexible budget should adapt to the actual activity levels.
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Camellia
29 days ago
D) changed in response to changes in costs
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Yong
30 days ago
C) changed in response to changes in the level of activity
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Leeann
1 months ago
B) continuously updated by adding a further accounting period when the earliest accounting period has expired
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Camellia
1 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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Antione
2 months ago
I think a flexible budget is changed in response to changes in the level of activity.
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