A continuous (or perpetual)budget:
A)is prepared for a range of activity so that the budget can be adjusted for changes in activity.
B)is a plan that is updated monthly or quarterly,dropping one period and adding another.
C)is a strategic plan that does not change.
D)is used in companies that experience no change in sales.

Question

Quizplus · Accepted Answer

A continuous budget is regularly updated by dropping the period that has just ended and adding a new period, ensuring it always covers the same length of time into the future.

A Continuous (Or Perpetual)budget