One of the Principal Disadvantages of Zero-Base Budgeting Is That

question 37

True/False

One of the principal disadvantages of zero-base budgeting is that it requires budgetary units to provide information that may never be used in the decision process.

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Definitions:

Managed Mutual Fund

A type of investment fund that is professionally managed, where investors pool their money to be invested in a diversified portfolio of securities.

Retirement

The period of one's life after deciding to permanently leave the workforce behind, often associated with reaching a certain age or financial security.

College Graduate

An individual who has successfully completed a course of study at a college or university and has been awarded a diploma or degree.

Economics

The social science that studies how individuals, businesses, governments, and nations make choices on allocating resources to satisfy their wants and needs, trying to maximize their wealth or utility.