A Rolling Budget Is Useful Because the Organization Can Continue

question 161

True/False

A rolling budget is useful because the organization can continue to budget its operations 12 months into the future.

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Definitions:

Small Business Person

An individual who owns and operates a business that is typically defined by its small size in terms of revenue and number of employees.

Perseverance

The sustained effort and determination in spite of difficulties, obstacles, or discouragement, essential for achieving long-term goals.

Environmental Factors

Environmental Factors are external elements such as weather, climate, and natural disasters, as well as socioeconomic aspects, that can affect an organization's operations, strategic decisions, and overall performance.

Start-Up Process Model

A framework outlining the steps and stages involved in launching and establishing a new business or enterprise.