Asked by callie torres on May 22, 2024
Verified
A rolling budget is relevant only to merchandising companies.
Rolling Budget
A continuously updated budget that adds a new budget period (e.g., month, quarter) as the current period concludes, thereby extending the overall budget horizon.
Merchandising Companies
Businesses that purchase goods and resell them at a higher price without modifying the original products.
- Comprehend the principles and distinctions between continuous budgeting and rolling budgets.
Verified Answer
NN
Nishat NaharMay 28, 2024
Final Answer :
False
Explanation :
A rolling budget can be relevant to any type of company, not just merchandising companies. It is a budget that is continuously updated throughout the year to reflect the most current information and changes in the business environment.
Learning Objectives
- Comprehend the principles and distinctions between continuous budgeting and rolling budgets.
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