Which of the following statements is false? - 1989

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Which of the following statements is false? 

A. Flexible budgets are not based on the same revenue and cost behavior assumptions as the static budget. 

B. Flexible budgets are automatically matched to changes in activity levels 

C. Flexible budgets are prepared for a range of activity. 

D. Flexible budgets help provide a basis for management by exception. 

Solution Description