A Continuous (Rolling)budget

question 97

Multiple Choice

A continuous (rolling) budget:

• A) presents the plan for a range of activity so that the plan can be adjusted for changes in activity levels.
• B) presents a statement of expectations for a period of time but does not present a firm commitment.
• C) presents the plan for only one level of activity and does not adjust to changes in the level of activity.
• D) drops the current month or quarter and adds a future month or quarter as the current month or quarter is completeD.
• A continuous budget has a constant time horizon and always looks ahead the same number of periods.

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Definitions:

Between-group

Pertaining to comparisons or differences that are made between distinct groups in an experiment or study.

Error

Error, in a statistical context, signifies the difference between the observed value and the true value.

F-ratio Distribution

A probability distribution used in ANOVA tests, representing the ratio of two variances to assess the significance of group differences.

Positively Skewed

Describes a distribution with a tail that extends to the right, indicating a majority of the data points are situated on the left side of the distribution.