Once budget estimates are determined; one should not make any changes in the budget for at least one year.

Question

Quizplus · Accepted Answer

While it is important to carefully consider and plan a budget, it is not always practical or realistic to avoid changes for an entire year. Major shifts in business conditions, unexpected expenses or income, and other factors may require adjustments to be made to the budget in order to reflect current circumstances. It is therefore advisable to remain flexible and be willing to revise the budget as necessary in response to changing conditions.

Once Budget Estimates Are Determined; One Should Not Make Any