Question

In Zero-Based Budgeting (ZBB), the budget for each

Q: Answer-In Zero-Based Budgeting (ZBB), the budget for each activity is:

ZBB requires that every expense be justified anew, without assuming continuity of past budgets. It ensures optimum resource allocation. Mr. A has the following incomes during the year Income from Salary 4,00,000 Income from House Property net after deductions 1,00,000 Profit from Business 2,00,000 Income from Capital Gains 50,000 Income from Other Sources 25,000

activity is:

A Based on previous year’s allocation

B Adjusted for inflation

C Justified from scratch, without reference to past budgets

D Allocated based on senior management preference

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In Zero-Based Budgeting (ZBB), the budget for each

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