A type of operational budget that involves adding one additional month to the budget as each month goes by is called a ________.
A) monthly replacement budget
B) long-term goal budget
C) static budget
D) continuous budget

Question

Quizplus · Accepted Answer

A continuous budget involves adding one additional month to the budget as each month goes by. This allows for a more dynamic and adaptive budget, as it takes into account changes in the business environment and allows for adjustments to be made on a regular basis. Monthly replacement budget, long-term goal budget, and static budget all refer to different types of budgets that do not involve the same process as a continuous budget.

A Type of Operational Budget That Involves Adding One Additional