A budget that maintains a 12-month projection into the future is referred to as a continuous budget. The correct answer would be option B.
Continuous budgeting is the practise of continuously adding one additional month to the completion of a multi-period budget with each passing month. Since the continuous budgeting idea is typically used with a twelve-month budget, there is constantly a full-year budget in existence.
With continuous budgeting strategy, it is possible to constantly monitor the budget and update its underlying assumptions for the final incremental period. Applying continuous budgeting principles to capital budgeting allows funds to be allocated for major fixed asset projects whenever it is necessary, as opposed to only once a year as is customary under more conventional budgeting approaches.
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