A flexible budget: Multiple Choice presents a statement of expectations for a period of time but does not present a firm commitment. presents the plan for only one level of activity and does not adjust to changes in the level of activity. classifies budget requests by activity and estimates the benefits arising from each activity. presents the plan for a range of activity so that the plan can be adjusted for changes in activity levels.

presents the plan for a range of activity so that the plan can be adjusted for changes in activity levels.

Explanation:

A flexible budget presents the plan for a range of activity so that the plan can be adjusted for changes in activity levels.

In order to ensure the flexibility of a budget, it is usually updated to reflect the actual level of activity during the period and this helps to compare actual results with respect to the budget based on the actual activity over a period of time.