Question: TB 0 9 - 0 9 What is a continuous ( or perpetual ) budget? What is a continuous ( or perpetual ) budget? Multiple

TB 09-09 What is a continuous (or perpetual) budget?
What is a continuous (or perpetual) budget?
Multiple Choice
It is prepared for a range of activity so that the budget can be adjusted for changes in activity.
It is a plan that is updated monthly or quarterly, dropping one period and adding another.
It is a strategic plan that does not change.
It is used in companies that experience no change in sales.

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