Under Continuous Budgeting,a New Month Is Added to the End

question 116

True/False

Under continuous budgeting,a new month is added to the end of the budget period each time the present month expires,so that a twelve-month budget is available at all times.

---

Definitions:

Ambulance

A vehicle equipped for transporting emergency personnel and patients in need of urgent medical care to and from healthcare facilities.

Serious Illness

Health conditions that have a significant impact on a person’s daily life, potentially life-threatening and requiring complex care.

Recency Effect

The tendency to remember the most recently presented information best.

Recall

The cognitive process of retrieving information from memory without much external cues.