Flexible Budgets MCQs

Written by True Tamplin, BSc, CEPF®

Reviewed by Subject Matter Experts

Updated on March 26, 2023

Take this quick test on flexible budgets to help you prepare for your exams and interviews. The quiz will allow you to assess your knowledge and see how well you've understood the key topics and concepts.

1. Which of the following is not a characteristic of a flexible budget?
2. A static budget:
3. Flexible budgets relate to activity-based costing in which of the following ways:
4. Budget variance is:
5. Which of the following is true about overhead variance?

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About the Author

True Tamplin, BSc, CEPF®

True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.

True is a Certified Educator in Personal Finance (CEPF®), author of The Handy Financial Ratios Guide, a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.

To learn more about True, visit his personal website or view his author profiles on Amazon, Nasdaq and Forbes.