Questions

1. A fixed budget is established for a specific level of activity whereas flexible budget is prepared for various levels of activity.

2. Fixed budget cannot be changed after the period commences, whereas a flexible budget can be changed after the period commence.

3. Fixed budget is more suitable for fixed expenses whereas flexible budget takes both fixed as well as variable expenses in account.

4. Fixed budget includes only fixed costs, whereas a flexible budget includes fixed costs, variable costs and semi variable costs.

5. Fixed budget is mainly used in planning stage whereas flexible budget is used in controlling stage.

Operational excellence refers to companies that are good at production, delivery, price, and convenience.

India is the 2nd largest importer of weapons in the world, as per 'Trends in International Arms Transfers 2018.

Here in the option B) H2SO4 - Sulfuric acid is reacting with sodium hydroxide (NaOH), a base to produce a salt (Sodium Sulfate), and water (H2O). This is characteristic of of acid-base neutralization reactions.

Business fluctuations refer to the ups and downs in overall business activity measured by changes in national​ income, employment and the price level.