Choose the definition and example for a rolling budget.

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Part $1$

A$.$

A rolling budget is a budget or plan that is always available for a specified future$$ period, by continually adding a period$($month$,$ quarter, or$$ year$)$ to the period that just ended. A$$ four$-$quarter rolling budget for

$20202020$

is superseded by a$$ four$-$quarter rolling budget for April

$20202020$

to March

$20212021,$

and so on$.$

B$.$

A rolling budgeting explicitly incorporates continuous improvement anticipated during the budget period into the budget numbers. The budget would incorporate continuous improvement resulting$$ from, for$$ example, employee suggestions for doing the work faster or reducing idle time.

C$.$

The rolling budget comprises the financial projections of all the individual budgets for a company for a specified$$ period, usually a fiscal year. Before the fiscal year is$$ over, a new budget is prepared for the next fiscal year.

D$.$

The rolling budget is the usual starting point for the operating budget. The revenues are budgeted with the thought to$$ "roll" the sales level to the highest obtainable level.