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Understanding of the big picture of a business

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Various types of budgets facilitate understanding of 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?

In your replies to others, share your knowledge and experiences with a specific type of budget. Include whether the budget was flexible or static.

Reference no: EM133247092

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