Which of the following is true of rolling budgets?
A) They are used in conjunction with normal budgets.
B) They do not have to be revised frequently.
C) They take very little managerial time and effort.
D) They are more accurate because of their recency.

Question

Quizplus · Accepted Answer

Rolling budgets are continuously updated, so they reflect more current information, making them more accurate due to their recency. They require frequent revision and significant managerial time and effort, distinguishing them from traditional budgets.

Which of the Following Is True of Rolling Budgets