A rolling budget is a budget that
A) extends 5-10 years into the future.
B) is continuously updated, so that the next 12 months of operations are always budgeted.
C) begins with zero for each expense, and then amounts are added in.
D) is rolled out by upper management.
Correct Answer:
Verified
Q1: A budget is a quantitative expression of
Q3: The master budget includes both the operating
Q7: The capital expenditures budget is not part
Q8: Strategic planning involves
A)setting long-term goals that extend
Q9: Which of the following is a potential
Q11: Budgets do not provide benchmarks to help
Q12: Most companies use _ when developing the
Q13: Managers may intentionally build slack into the
Q14: Strategic planning involves setting short-term goals extending
Q15: Budgets communicate financial plans throughout the company.
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