Question

    Zero-based budgeting means:

    A Budgeting based on past performance Correct Answer Incorrect Answer
    B Budgeting without any historical data Correct Answer Incorrect Answer
    C Starting from zero for every budgeting period Correct Answer Incorrect Answer
    D None of the above Correct Answer Incorrect Answer

    Solution

    Explanation: Every expense must be justified for each new period in zero-based budgeting.

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