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Which of the following could be used to calculate the profit for a firm?
Rolling Budgets
A financial planning method that continuously updates by adding a new budget period as the current period is completed, ensuring a constant planning horizon.
Continuous Budgeting
A method of budgeting that continuously updates the financial budgets by adding a new period (month, quarter, etc.) as the current period is completed, allowing for near continuous financial planning.
Master Budget
A comprehensive financial plan for an organization's upcoming year, summarizing all of its plans and financial activities.
Budget
A financial plan that estimates income and expenditures for a future period, often used as a guide for financial decision-making and resource allocation.
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