The set of periodic budgets that are prepared and periodically revised in the practice of continuous budgeting are called:

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The set of periodic budgets that are prepared and periodically revised in the practice of continuous budgeting are called rolling budgets. Rolling budgets are continuously updated and extend over a long-term period. They are often used to adjust plans mid-year to respond to changes in the business environment. Rolling budgets are, therefore, useful in providing businesses with a long-term planning horizon, identifying areas of potential cost savings, and facilitating better decision-making.

The Set of Periodic Budgets That Are Prepared and Periodically