Under Continuous Budgeting,a New Month Is Added to the End

question 116

True/False

Under continuous budgeting,a new month is added to the end of the budget period each time the present month expires,so that a twelve-month budget is available at all times.

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Definitions:

Filibuster

A parliamentary procedure where debate is extended, allowing one or more members to delay or entirely prevent a vote on a proposal.

Joint Committees

Committees made up of members from both houses of a bicameral legislature, tasked with addressing issues that require input from both the Senate and the House of Representatives.

Economic

Pertaining to the production, distribution, and consumption of goods and services, and the analysis of the behavior of economies.

Taxation

The process by which governments finance their expenditure by imposing charges on citizens and corporate entities.