Clare's Bears manufactures stuffed bears.The company updates it annual budget every month in order to force management to think about the forthcoming 12 months and not just the current budget.This is an example of a

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The scenario described is an example of a rolling budget. A rolling budget allows a company to continuously update their budget for the forthcoming 12 months, which is what is happening with Clare's Bears. This approach enables management to be more responsive to changes in the market and adjust their plan accordingly.

Clare's Bears Manufactures Stuffed Bears