A variant of fiscal-year budgeting whereby a twelve-month projection into the future is maintained at all times is termed:
A) flexible budgeting.
B) master budgeting.
C) zero-based budgeting.
D) continuous budgeting.

Question

Quizplus · Accepted Answer

Continuous budgeting involves maintaining a rolling twelve-month projection into the future at all times, which is updated periodically to reflect actual results and changing circumstances. It differs from traditional budgeting in that it is an ongoing process rather than a once-a-year event.

A Variant of Fiscal-Year Budgeting Whereby a Twelve-Month Projection into the Future