Static budget and flexible budget are synonymous(identical) words?

No, static budget and flexible budget are not synonymous words. They refer to two different types of budgets used in financial planning and analysis.

A static budget is a fixed budget that does not change regardless of actual sales or production levels. It is typically set at the beginning of a period and remains constant throughout that period.

On the other hand, a flexible budget is a budget that adjusts based on actual sales or production levels. It allows for changes in revenue and expenses based on fluctuations in activity levels, providing a more accurate reflection of the company's financial performance.

In summary, while both budgets are used in financial planning, they serve different purposes and have different characteristics.

No