A Continuous Budget Is Prepared

question 100

Multiple Choice

A continuous budget is prepared

• A)annually.
• B)semi-annually.
• C)monthly.
• D)quarterly.

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Definitions:

Operating Loss

A financial situation where a business's operating expenses exceed its revenues.

Variable Cost

Expenses that change in proportion with the production activity of a business.

Fixed Costs

Costs that do not change with the level of production or sales, such as rent, salaries, or insurance.

Operating Income

Operating income is the profit realized from a business's core operations, excluding deductions of interest and taxes.