Answer:
b. Is developed for a single level of expected output.
Explanation:
The static budget means the fixed budget i.e fixed in nature. The amount does not changed moreover there is no significant changes occurred in this type of budget. If there is any business fluctuations or any other kind of fluctuations it does not impact at all
In addition, it is developed for a single level of expected output i.e developed for a single activity by considering its expected outcome or results
