Which of the following is the most frequently used budget periods used in business?
A) a basic budget period of 1 year often subdivided into semi-annual periods
B) a basic budget period of 2 years often subdivided into quarters and semi-annual periods
C) A basic budget period of 2 years subdivided into monthly periods
D) a basic budget period of 1 year often subdivided into quarters and months

Question

Quizplus · Accepted Answer

The most frequently used budget period in business is a basic budget period of 1 year often subdivided into quarters and months. This allows for more detailed tracking and adjusting of spending throughout the year. Subdividing into monthly periods would be too cumbersome for most businesses, while a 2-year budget period may not allow for enough flexibility in response to changing market conditions.

Which of the Following Is the Most Frequently Used Budget