Managerial Accounting (2020/2021 Fall Tern Which one of the following is correct concerning a budget period? Select one: a. A budget must be prepared for a one year period. b. A budget can be prepared for any period of time. c. A budget is prepared to summarize the organization's activity for the month, quarter, or year just completed. d. A budget can be prepared for any period of time, but once that period has been adopted it cannot be chan Clear my choice