static budget

static budget definition - business

static budget

A budget based in a fixed set of assumptions. For example, the manufacturing division establishes a budget at the start of the fiscal period that cannot be altered, no matter what occurs with respect to prices, demand, or the economy. Compare flexible budget.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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