Question

Budgets that are periodically revised and have new periods added to replace those that have lapsed are called:

Answer 1

The correct answer is letter "D": Rolling budgets .

Step-by-step explanation:

Rolling budgets or budget rollovers are those updated permanently as long as the budget of the previous period is met. These types of budgets are considered extensions of existing budgets but with changes added to reflect the current situation of a company.