Posted: August 15th, 2022

APA format 175 – 265 words Cite at least one (1) peer-reviewed reference Respond

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APA format
175 – 265 words
Cite at least one (1) peer-reviewed reference
Respond to the following:
 
Budgeting is a tool used by management for performing the functions of planning, coordinating, and controlling operations of a business. Our textbook, Managing Accounting Concepts, describes 2 main types of budgeting: static budgets and flexible budgets.
Differentiate between the 2 types of budgets.
Provide an example of the type of business or company that would benefit from using a flexible budget.
Provide support for your business selection and include the advantage for using a flexible budget over a static budget.

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