A variant of fiscal-year budgeting whereby a 12-month projection into the future is maintained at all times is termed budgeting. a. zero-based b. continuous c. master d. flexible The process of developing budget estimates by requiring managers to estimate sales, production, and other operating data as though operations were being initiated for the first time is referred to as budgeting a. continuous b. flexible c. master d. zero-based The budgetary unit of an organization that is led by a manager who has both the authority over and responsibility for the unit's performance is known as a a. responsibility center b. managerial department c. budgetary area d. control center