Question

The practice of maintaining budgets for the same number of future periods, revising those budgets as each period is completed and adding a new budget each period, is called:

A. Master budgeting.
B. Cyclical budgeting.
C. Zero-based budgeting (ZBB).
D. Rolling budgets (or, rolling financial forecasts).
E. Kaizen (or continuous-improvement) budgeting."

Answer 1

The practice of maintaining budgets for the same number of future periods, revising those budgets as each period is completed and adding a new budget each period, is called rolling budgets or rolling financial forecasts.

Step-by-step explanation:

The practice of maintaining budgets for the same number of future periods, revising those budgets as each period is completed and adding a new budget each period, is called rolling budgets or rolling financial forecasts.