What is a static budget?

Answer by  drowningindebt (73)

DEFINITION: A static budget refers to the combined amount of expenses and revenue anticipated by a business which remains unchanged regardless of fluctuations in that business' assets. EXAMPLE: Company A estimates $100 is needed to increase profits 200%. Despite exceeding 200%, the budget does not change from $100.

Answer by  Lordschild (1398)

A static budget is a budget that stays in effect regardless of the changes in income or out put. For instance if a big company selling appliances had a decrease in their sales their budget wouldn't change given that their budget was put together by taking that possibility into account.

Answer by  Kit (558)

A static Budge is a kind of budget that includes foreseen values concerning inputs and outputs of the business. There is always a discrepancy between the budget results and the real results.

Answer by  KymBerly (447)

A type of budget that incorporates anticipated values about inputs and outputs that are conceived before the period in question begins.