When Using ________,A Company Starts the Year with a Budget

Multiple Choice

When using ________,a company starts the year with a budget based on revenue and cost assumptions made at that point but then reviews economic performance every month or every quarter to see whether the budget needs to be modified as the year progresses.

A) hedge-based budgeting
B) scenario planning
C) rolling forecasts
D) product segmentation
E) judgmental forecasting