[amp_mcq option1=”Rolling budget” option2=”Continuous budget” option3=”Annual budget” option4=”Both A and B” correct=”option2″]<\/p>\n
The correct answer is: Both A and B<\/strong>.<\/p>\n A rolling budget is a budget that is updated continuously by adding a further period (a month\/quarter) and deducting a corresponding earlier period. This means that the budget is always up-to-date and reflects the latest financial information.<\/p>\n A continuous budget is a budget that is never finalized. Instead, it is constantly being updated as new information becomes available. This allows businesses to be more agile and responsive to changes in the market.<\/p>\n Both rolling and continuous budgets have their own advantages and disadvantages. Rolling budgets are more time-consuming to prepare, but they provide a more accurate picture of the company’s financial situation. Continuous budgets are less time-consuming to prepare, but they may not be as accurate as rolling budgets.<\/p>\n The best type of budget for a company depends on its specific needs. Companies that need to be very accurate in their financial planning may prefer a rolling budget. Companies that need to be more flexible in their financial planning may prefer a continuous budget.<\/p>\n Here is a brief explanation of each option:<\/p>\n [amp_mcq option1=”Rolling budget” option2=”Continuous budget” option3=”Annual budget” option4=”Both A and B” correct=”option2″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[952],"tags":[],"class_list":["post-47855","post","type-post","status-publish","format-standard","hentry","category-costing","no-featured-image-padding"],"yoast_head":"\n\n