The Main Advantage of Using a Rolling Budget Is

question 78

Multiple Choice

The main advantage of using a rolling budget is:

• A) The role of information technology in its preparation
• B) Its incorporation of more current information than static or flexible budgets
• C) The reduced need for lower-level input
• D) The ease of calculating variances compared to static or flexible budgets

---

Definitions:

Constructive Information

Constructive information refers to knowledge that one is presumed by law to have, often because it is a matter of public record or because one should have discovered it by due diligence.

Specific Performance

A legal remedy requiring a party to perform their part of a contract, rather than paying damages for not fulfilling the contract.

Computer Program

A computer program is a set of instructions that a computer follows to perform specific tasks or operations, written in a programming language.

Indemnification

The act of compensating for loss or damage, often seen in contracts where one party agrees to protect the other against certain future claims or liabilities.