Question

(4
)
The budget which is not suitable for long term planning is
(a) Cash Budget
(b) Master Budget
(c) Variable Budget
(d) Fixed Budget​

Answer 1

Answer:

The budget which is not suitable for long term planning is Master budget.

Explanation:

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Answer 2

The correct answer is OPTION D: Fixed Budget.

• Long-term planning requires more than a defined budget.
• A fixed budget assumes continuous activity levels.
• This budget works best for a short period when the volume of activity is expected to remain steady.
• In terms of cost-cutting, this budget is completely useless.
• A "fixed budget" is a budget that is produced using a set of standard or established activities.
• In contrast, a flexible budget is ideal for long-term planning and budgeting.