The Practice of Maintaining Budgets for the Same Number of Future

question 112

Multiple Choice

The practice of maintaining budgets for the same number of future periods,revising those budgets as each period is completed and adding a new budget each period,is called:

• A)Master budgeting.
• B)Short-term budgeting.
• C)Zero-based budgeting.
• D)Rolling budgets (or,rolling financial forecasts).
• E)Kaizen (or continuous-improvement)budgeting.

---

Definitions:

Global Circulation

The large-scale movement of air through the earth's atmosphere, driven by heat from the sun, which distributes temperatures and precipitation around the globe.

Solar Energy

The energy obtained from the sun's radiation, which can be converted into electricity or used for heating, making it a key component of renewable energy solutions.

Latitudes

The measurement of distance north or south of the Earth's equator, typically expressed in degrees.

Hadley Cells

Atmospheric circulatory patterns between the equator and 30 degrees latitude in both hemispheres, characterized by rising warm air near the equator and sinking cool air in the subtropics.