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Flexible budget is used when

A. Demand remains static even when there is change in taste and fashion of customers

B. When the business unit is new

C. Whenever there is change of activity due to change in government policies

D. All of the above

Related Questions on Management Accounting Test Questions

Time value of money indicates that

A. A unit of money obtained today is worth more than a unit of money obtained in future

B. A unit of money obtained today is worth less than a unit of money obtained in future

C. There is no difference in the value of money obtained today and tomorrow

D. None of the above