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| A continuous (rolling) budget A. Presents the plan for only one level of activity and does not adjust to changes in the level of activity. B. Presents the plan for a range of activity so the plan can be adjusted for changes in activity. C. Is a plan that is revised monthly or quarterly, dropping one period and adding another. D. Is one of the budgets that is part of a long-range strategic plan, unchanged unless the strategy of the company changes. |