Answer: (D) Continuous budget
Explanation:
A continuous budget is one of the type of operational budget that continuously adding the monthly updates of the budget in the specific period of time.
The main advantage of this type of continuous budget is that the company budget is adding each month dynamically and this type of approach revise the budget constantly according to the budget model.
According to the given question, the operational budget which involve adding the budget in each month then it is called as continuous budget and it is prepared in each fiscal year.
Therefore, Option (D) is correct.
