Multiple Choice
Which of the following best describes a rolling budget?
A) It is a budget that continually outlines the amount required to roll over debt in a future period.
B) It is created continually by adding a month, quarter, or year to the period just ended
C) It is a budget that outlines budgeted expenses while utilizing a moving average
D) It is a budget that is submitted to a bank at the beginning of every month as per a loan covenant.
Correct Answer:
Verified
Correct Answer:
Verified
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