What Is a Continuous Budget

question 63

Multiple Choice

What is a continuous budget?

• A)It is a budget that is constantly being revised as new information is gained.
• B)It is a budget that covers every aspect of the production process from the purchase of raw materials to the collection of revenue from sales.
• C)It is a budget where the time period just completed is dropped and an equal future time period is added.
• D)It is a term used to describe a budget that is prepared by a budget committee that meets on a continuous basis.

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Definitions:

Evidence-based Management

Making managerial decisions guided by the integration of the best available evidence from multiple sources to increase the likelihood of achieving desired outcomes.

Multiple Sources

Relying on or referring to various origins or points of information to ensure comprehensive understanding or analysis.

Explicit

Clearly defined or stated without any ambiguity or vagueness.

Conscientious

Displaying diligence, carefulness, and a strong sense of duty or responsibility.