What is the difference between a rolling forecast and an annual budget?

• A. A rolling forecast is fixed for the year; an annual budget is continuously updated.
• B. A rolling forecast is updated quarterly for the next 6 months; an annual budget is for the next 12 months.
• C. A rolling forecast is continuously updated for the next 12 months; an annual budget is a fixed plan for the year with revisions through formal processes.
• D. A rolling forecast excludes marketing; an annual budget includes marketing.

Answer: (C)