A variant of fiscal-year budgeting whereby a twelve-month projection into the future is maintained at all times is termed a zero-based budgeting b.continuous budgeting c. flexible budgeting Od master budgeting QUESTIONS A budget can be an effective means of communicating management's plans to the owners of a business 5 point True False QUESTION 9 Budgetary slack can be avoided if lower and mid-level managers are requested to support all of their spending requirements with specific operational plans 5 points True False