A flexible budget is one that is allowed to adjust based on a change in the assumptions used to create the budget during management's planning process. A static budget, on the other hand, remains the ...

Budgets play a key role in helping companies track their finances, analyze their expenses, and identify ways to maximize their profits. A static budget is one that remains constant even as other ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. A static budget remains unchanged regardless of fluctuations in sales or production volumes.

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A flexible budget is one that is allowed to adjust based on a change in the assumptions used to create the budget during management's planning process. A static budget, on the other hand, remains the ...