Budgets prepared to forecast over a smaller time period are usually more accurate.

Name: Budgets prepared to forecast over a smaller time period are usually more accurate.
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Question

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Budgets prepared for a smaller time period typically have fewer variables and uncertainties to consider, which makes them more accurate. As the time period increases, there are more chances for unexpected events that can affect budgeted figures, making it harder to forecast accurately.

Budgets Prepared to Forecast Over a Smaller Time Period Are