Question

A budget that has been prepared only once prior to the budget period is called a:

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

Answer 1

A budget that has been prepared only once prior to the budget period is called a single-period budget.

Step-by-step explanation:

A budget that has been prepared only once prior to the budget period is called a single-period budget. This type of budget is created once for a specific period and is not revised or adjusted during that period. It is often used when there is a fixed timeframe and there is no need for continuous monitoring or adjustment.