The practice of maintaining budgets for the same number of future periods,revising those budgets as each period is completed and adding a new budget each period,is called:

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This practice is called rolling budgets or rolling financial forecasts. It allows for more flexibility and adaptability in budgeting by continuously updating and revising the budget as new information becomes available. This is particularly useful in uncertain economic and business conditions where a fixed budget may quickly become outdated.

The Practice of Maintaining Budgets for the Same Number of Future