Final answer:
An organization's budgets can be prepared to cover different time periods such as one month, one quarter, one year, or even longer periods. The choice of time period depends on the organization's needs. Therefore option E is correct.
Step-by-step explanation:
An organization's budgets will often be prepared to cover all of the above. Budgets can be prepared for different time periods depending on the organization's needs. For example, a monthly budget may be created to track and manage expenses on a month-to-month basis. A quarterly budget may be used to plan and allocate resources for a three-month period. A yearly budget is common for long-term planning and goal-setting. In some cases, organizations may also prepare budgets for periods longer than one year to align with strategic planning.