Which of the following is not a benefit of budgeting? A. It reduces the need for tracking actual cost activity. B. It sets benchmarks for evaluation performance. C. It uncovers potential bottlenecks. D. It formalizes a manager's planning efforts. A continuous (or perpetual) budget: A. is prepared for a range of activity so that the budget can be adjusted for changes in activity. B. is a plan that is updated monthly or quarterly, dropping one period and adding another. C. is a strategic plan that does not change. D. is used in companies that experience no change in sales