Budgets That Change (Rolling or Continuous) Are Better for the Planning

question 76

True/False

Budgets that change (rolling or continuous) are better for the planning than budgets that do not change.

---

Definitions:

Upper Management

The highest level of managers within an organization, responsible for making overarching decisions and setting strategic directions.

Costs of Production

The total expenses incurred in the process of producing or manufacturing goods and services, including materials, labor, and overhead.

Functionally Organized Firm

A company organized according to the functions each part of the organization performs, such as marketing, sales, and production.

Divisions' Performance

The assessment of how different segments or departments of a company are executing their functions and contributing to overall success.