Casey's Boardshorts Store's manager, Rashad, had an unexpected cleaning expense when a water pipe burst in the ceiling. At the end of each month, any unexpected expenses are added to the budget, and other categories are updated with the actual expenditures before the new budget is created. Casey's Boardshorts Store's budget is a(n) ___ budget.
A) imposed
B) participative
C) rolling
D) zero-based

Question

Quizplus · Accepted Answer

A rolling budget is the most realistic of the budget types because it updates the previous period's actual balances before the new budget is developed.

Casey's Boardshorts Store's Manager, Rashad, Had an Unexpected Cleaning Expense