Wilson Corporation budgets its equipment needs on an on-going basis, with a new quarter being added to the budget as the current quarter is completed. This type of budget is most commonly known as a:

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A rolling budget is one that continuously updates as time passes. In Wilson Corporation's case, they add a new quarter to the budget once the current quarter is completed. This is different from a capital budget, which specifically focuses on the company's long-term investments in fixed assets. A revised budget is one that has been adjusted from its original version due to changes in the company's circumstances, and a pro-forma budget is a projected budget based on hypothetical scenarios. A financial budget is a type of budget that specifically focuses on a company's financial resources and operations.

Wilson Corporation Budgets Its Equipment Needs on an On-Going Basis