The practice of preparing budgets for each of several future periods and revising those budgets as each period is completed, adding a new budget each period so that the budgets always cover the same number of future periods, is called:

The practice of preparing budgets for each of several future periods and revising those budgets as each period is completed, adding a new budget each period so that the budgets always cover the same number of future periods, is called: 




A. Participatory budgeting.

B. Capital budgeting.

C. Balanced budgeting.

D. Continuous budgeting.

E. Primary budgeting.


Answer: D. Continuous budgeting.


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