The Practice of Preparing Budgets for Each of Several Future

question 136

Multiple Choice

The practice of preparing budgets for each of several future periods and revising those budgets as each period is completed, adding a new budget each period so that the budgets always cover the same number of future periods, is called:

• A) Balanced budgeting.
• B) Participatory budgeting.
• C) Primary budgeting.
• D) Capital budgeting.
• E) Continuous budgeting.

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Definitions:

Venetian Republic

The Venetian Republic was a sovereign state and maritime republic in northeastern Italy, which existed for over a millennium between the 8th century and 1797.

Revolutionaries

Individuals who advocate for or engage in political revolution, aiming to radically transform the political, economic, or social structure of society.

Middle-class

A social class typically composed of individuals with moderate levels of income and education, often involved in white-collar employment or small business ownership.

Artisans and Workers

Individuals skilled in manual trades who produce goods or provide services, with artisans focusing on craftsmanship and workers often employed in industrial or manufacturing processes.