The type of budget that is a moving twelve-month budget is called the:
A)zero-based budget
B)flexible budget
C)continuous budget
D)both a and b

Question

Quizplus · Accepted Answer

The correct answer is choice C, continuous budget. A continuous budget is a type of budget that covers a rolling 12-month period and is continuously updated as time progresses. This type of budget allows for more flexibility and adaptability as it can reflect changes in the business environment more accurately. Zero-based budgets and flexible budgets are both different types of budgets that are not necessarily designed for a 12-month period.

The Type of Budget That Is a Moving Twelve-Month Budget