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

Question

Quizplus · Accepted Answer

The set of periodic budgets that are prepared and periodically revised in the practice of continuous budgeting is called rolling budgets. Rolling budgets involve continuously adding a new budget period as the current budget period expires. This allows for continuous planning, forecasting, and adjustment of budgets throughout the year. Therefore, the correct answer is D) Rolling budgets. Production budgets, Sales budgets, Cash budgets, and Capital expenditures budgets are types of periodic budgets, but they are not specific to the practice of continuous budgeting.

The Set of Periodic Budgets That Are Prepared and Periodically