A Rolling Budget Is the Same as a Continuous Budget

question 125

True/False

A rolling budget is the same as a continuous budget.

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Definitions:

Stale Check

A check that is not presented to a bank within six months of its date.

Uniform Commercial Code

A comprehensive set of laws governing all commercial transactions in the United States, intended to standardize and simplify the law relating to commerce.

Negotiable Instruments

Financial documents that guarantee the payment of a specific amount of money, either on-demand or at a set time, with examples including checks, promissory notes, and drafts.

IOU

An informal written document that acknowledges a debt owed.