Begins by estimating the quantity of sales
A)Static budget
B)Flexible budget
C)Master budget
D)Sales budget
E)Production budget

Static Budget

A fixed budget that does not change with actual activity levels, designed for planning purposes.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity, providing a more useful tool for performance evaluation.

Master Budget

A comprehensive financial planning document that includes all of an organization's financial plans and budgets.