Budgets that are periodically revised and have new periods added to replace those that have lapsed are called:
A) Production budgets.
B) Cash budgets.
C) Sales budgets.
D) Capital expenditures budgets.
E) Rolling budgets.

Question

Quizplus · Accepted Answer

Rolling budgets are budgets that are periodically revised and have new periods added to replace those that have lapsed. This type of budgeting allows organizations to continuously plan and adjust their budget based on actual performance, changes in the market, and other factors. Rolling budgets are often used in dynamic and uncertain environments where traditional budgeting may not be as effective. Production, cash, sales, and capital expenditures budgets do not involve the periodic revision and addition of new periods.

Budgets That Are Periodically Revised and Have New Periods Added