Which of the following is NOT considered a type of budget? A) Variable budget B) Flexible budget C) Cash budget D) Master budget
Understand the Problem
The question is asking to identify which of the listed options is not considered a type of budget. It requires knowledge of budgeting concepts in finance.
Answer
Variable budget
Variable budget is not a type of budget commonly referred to in business contexts.
Answer for screen readers
Variable budget is not a type of budget commonly referred to in business contexts.
More Information
Business budgets typically recognize budget types like flexible, cash, and master budgets, but 'variable budget' is not commonly used terminology in this context.
Tips
A common mistake is confusing variable costs with variable budgets. While costs can be variable, few formal budgeting processes are named 'variable budget'.
Sources
- 10 Types of Business Budgets | Operating, Sales, Cash Flow, & More - patriotsoftware.com
- Types of Budgets: Key Methods & Their Pros and Cons - corporatefinanceinstitute.com
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