CIMA Exam CIMAPRO19-P01-1 Topic 3 Question 96 Discussion

Actual exam question for CIMA's CIMAPRO19-P01-1 exam

Question #: 96
Topic #: 3

[All CIMAPRO19-P01-1 Questions]

A flexible budget is a budget that is:

Aset prior to the control period and not subsequently changed in response to changes in activity period has expired

Bcontinuously updated by adding a further accounting period when the earliest accounting period has expired

Cchanged in response to changes in the level of activity

Dchanged in response to changes in costs

Show Suggested Answer

Suggested Answer: C

References:

by Veta at Sep 08, 2024, 12:50 PM

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Torie

2 months ago

C) changed in response to changes in the level of activity. Duh, that's what 'flexible' is all about!

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Royal

2 months ago

A) set prior to the control period and not subsequently changed in response to changes in activity period has expired. Wow, talk about inflexible!

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Sabra

2 months ago

B) continuously updated by adding a further accounting period when the earliest accounting period has expired. Gotta keep up with the times, am I right?

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Fredric

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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Katy

2 months ago

D) changed in response to changes in costs

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Chanel

2 months ago

C) changed in response to changes in the level of activity

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3 months ago

C) changed in response to changes in the level of activity. This seems like the most flexible option to me.

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Kattie

2 months ago

C) changed in response to changes in the level of activity. This seems like the most flexible option to me.

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Amira

2 months ago

B) continuously updated by adding a further accounting period when the earliest accounting period has expired

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Emile

3 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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Dion

3 months ago

I think a flexible budget is changed in response to changes in the level of activity.

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