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Question

State whether the following statements are true/false: 1 A fixed budget is prepared for only Range of activity. 2 A flexible budget is prepared for Two level of activity

A 1 False ; 2 False

B 1 True ; 2 False

C 1 False ; 2 True

D 1 True ; 2 True

E 1 False ; 2 Partially true

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