Which of the following best describes a rolling budget?
◦ It is a budget that continually outlines the amount required to roll over debt in a future period.
◦ It is created continually by adding a month, quarter, or year to the period just ended
◦ It is a budget that outlines budgeted expenses while utilizing a moving average
◦ It is a budget that is submitted to a bank at the beginning of every month as per a loan covenant.