A ___ budget is defined as one that allocates a fixed amount of resources for a specific purpose.

A) fixed
B) flexible
C) zero-based
D) contingency
E) comprehensive

Fixed Budget

A budget that remains constant, regardless of changes in business activity levels, revenues, or expenses.

Allocates

The process of distributing resources or tasks among people or places, typically according to a plan.

Fixed Amount

A specific, unchanging quantity or sum, often relating to financial transactions, salaries, or budgets.