The flexible budget:

A) is prepared before the "master budget"

B) is relevant both inside and outside the "relevant range"

C) eliminates the need for a "master budget"

D) is a series of static budgets (static budgets) at different levels of activity

Atrough in the business cycle occurs when

Congressman patrick indicates that he is opposed to tax proposals that call for a flat tax rate because the structure would not tax those individuals who have the ability to pay the tax. discuss the position of the congressman, giving consideration to tax rate structures (e.g., progressive, proportional, and regressive) and the concept of equity.

Which guideline will keep a mission statement relevant even in changing times?