What Is a Continuous Budget

question 50

Multiple Choice

What is a continuous budget?

• A)The budget is prepared for a one-year period that corresponds to the companys fiscal year.
• B)A continuous budget is a monthly budget.
• C)As a month/period expires in the budget,an additional month/period in the future is added.
• D)The budget focuses only on the financial aspects of the company.

---

Definitions:

Product Life Cycle

The sequence of stages that a product goes through from introduction, growth, maturity, to decline, which affects the marketing strategy and the marketing mix.

Major Losses

Refers to significant financial, operational, or reputational damages or setbacks experienced by an organization or individual.

Situation Assessment

A comprehensive evaluation of an organization's current state, analyzing both internal and external environments to inform strategic decisions.

Defining Market

The process of identifying and understanding the specific market or audience a business aims to serve.