The Practice of Preparing Budgets for Each of Several Future

question 47

Multiple Choice

The practice of preparing budgets for each of several future periods and revising those budgets as each period is completed, adding a new budget each period so that the budgets always cover the same number of future periods, is called:

• A) Participatory budgeting.
• B) Capital budgeting.
• C) Balanced budgeting.
• D) Continuous budgeting.
• E) Primary budgeting.

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Definitions:

Strategic Skills

The proficiency in planning and executing strategies that ensure the successful achievement of goals and objectives.

Information Technology

Refers to the use, management, and study of computer systems, software, and networks for the processing and distribution of data.

Unconventional Strategies

Approaches in business or problem-solving that diverge from traditional methods, often innovative and out-of-the-box.

Risk Taking Behavior

Engaging in actions that involve a certain degree of risk, often with the potential for significant rewards or losses.