The flexible budget Group of answer choices is prepared before the master budget. is relevant both within and outside the relevant range. eliminates the need for a master budget. is a series of static budgets at different levels of activity.

Which of the following is a function performed by market prices? a. market prices communicate information to buyers and sellers. b. market prices coordinate the decisions of buyers and sellers. c. market prices motivate entrepreneurs to produce those products that are currently most desired relative to their costs of production. d. all of the above are functions performed by market prices.