summarize a health care management scenario that illustrates the importance of the skill, concept, procedure, or tool to which the term refers flexible budget.
A flexible budget is a budget that adjusts or flexes for changes in the volume of activity. The flexible budget is more sophisticated and useful than a static budget, which remains at one amount regardless of the volume of activity. [ A scenario for flexible budget which is reporting wherein the companies prepare flexible budgets at the end of an accounting period to compare how they actually
spent their money with how they had planned to spend their money. The flexible budgets show how they truly spent their funds. ]
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