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) continuous budgeting
C) zero-based budgeting
D) master budgeting

Question

Quizplus · Accepted Answer

Continuous budgeting involves maintaining a twelve-month projection into the future at all times and updating it on a regular basis. This approach provides greater flexibility and allows for adjustments to be made as circumstances change throughout the year.

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