Question

A budget that is prepared for several periods in the future, then revised several times prior to the budget period is called a:

A. rolling budget.
B. zero-based budget.
C. discretionary budget.
D. single-period budget.

Answer 1

A rolling budget is a budget that is prepared for several periods in the future and revised multiple times before the budget period.

Step-by-step explanation:

A budget that is prepared for several periods in the future, then revised several times prior to the budget period is called a rolling budget. It is a dynamic budgeting process that continuously updates and adjusts the budget based on changing circumstances and new information. A rolling budget allows for better flexibility and responsiveness to changes in the business environment.