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    Question

    State whether the following statements are true/false:

    1 A fixed budget is prepared for only Range of activity.

    2 A flexible budget is prepared for Two level of activity

    A 1 False ; 2 False Correct Answer Incorrect Answer
    B 1 True ; 2 False Correct Answer Incorrect Answer
    C 1 False ; 2 True Correct Answer Incorrect Answer
    D 1 True ; 2 True Correct Answer Incorrect Answer
    E 1 False ; 2 Partially true Correct Answer Incorrect Answer

    Solution

    1 False ; 2 False

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