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:

Extroverted Individuals

People who are outgoing, sociable, and tend to seek stimulation in the company of others.

HR Budget Process

The planning and allocating of resources within the human resources department to meet its objectives efficiently.

Staffing Table

A detailed outline used by organizations to identify the current and future human resource requirements of each department, including job titles and the number of positions needed.

Operational Assumptions

Preconceived notions or expectations about how daily business operations should proceed or will occur.