Question: What is a continuous budget? It is a budget that is constantly being revised as new information is gained. It is a term used to

What is a continuous budget?

It is a budget that is constantly being revised as new information is gained.

It is a term used to describe a budget that is prepared by a budget committee that meets on a continuous basis.

It is a budget where the time period just completed is dropped and an equal future time period is added.

It is a budget that covers every aspect of the production process from the purchase of raw materials to the collection of revenue from sales.

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