Static and flexible budgets are similar in that: multiple choice
a. they both are prepared for multiple activity levels.
b. they both are based on the same per unit variable amounts and the same fixed costs.
c. none of these answers is correct.
d. they both concentrate solely on costs.

Lillypad toys is a manufacturer of educational toys for children. six months ago, the company's research and development division came up with an idea for a unique touchscreen device that can be used to introduce children to a number of foreign languages. three months ago, the company produced a working prototype, and last month the company successfully launched its new device on the commercial market. what should lillypad's managers prepare for next? a. increased competition from imitators b. a prolonged period of uncontested success c. a sharp decline in demand for the product d. a difficult struggle to move from invention to innovation