The main advantage of using a rolling budget is:
A) The role of information technology in its preparation
B) Its incorporation of more current information than static or flexible budgets
C) The reduced need for lower-level input
D) The ease of calculating variances compared to static or flexible budgets

Question

Quizplus · Accepted Answer

Rolling budgets incorporate more current information than static or flexible budgets, as they are updated regularly to reflect changes in the business environment. This allows for more accurate and relevant budgeting decisions to be made based on up-to-date information.

The Main Advantage of Using a Rolling Budget Is