ECONOMICS
MONEY MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Budgeting is not necessary if you earn a lot of money.
|
|
|
Budgeting is a continual process.
|
|
|
Once your budget is prepared, no changes should be necessary..
|
|
|
Budgeting is not necessary if you only earn a little money.
|
Detailed explanation-1: -Preparation, deliberation, and execution of the budget is a continual process throughout the year.
Detailed explanation-2: -Answer and Explanation: The correct option is D) Budgeting processes do not guarantee that managers will make good decisions about organizational priorities. Budgeting is a plan which is based on how to spend the money one has.
Detailed explanation-3: -What is a rolling budget? A rolling budget, also known as a continuous budget or rolling forecast, changes constantly throughout the year. When one month ends, add another month at the end of the budget. For example, your budget covers January-December of 2021. When January 2021 finishes, you can add January 2022.
Detailed explanation-4: -Continuous budgeting is the process of continually adding one more month to the end of a multi-period budget as each month goes by. The continuous budgeting concept is usually applied to a twelve-month budget, so there is always a full-year budget in place.