What is a continuous budget? Q It is a budget that covers every aspect of the production process from the purchase of raw materials to the collection of revenue from sales. 0 It is a budget where the time period just completed is dropped and an equal future time period is added. 0 It is a term used to describe a budget that is prepared by a budget committee that meets on a continuous basis. 0 It is a budget that is constantly being revised as new information is gained