Zero-Base Budgeting Is a Form of

question 38

Multiple Choice

Zero-base budgeting is a form of

• A)Incremental budgeting introduced in the 1960s.
• B)Program budgeting introduced in the 1970s.
• C)Performance budgeting introduced in the 1980s.
• D)Traditional budgeting revamped for the new millennium.

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Definitions:

Global Economy

An interconnected world economic system in which goods, services, and labor move across national boundaries with minimal restriction.

Economic Heterogeneity

The existence of variations in economic attributes among individuals, groups, regions, or countries, leading to differences in wealth, income, and economic opportunities.

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale, leading to increased interconnectedness and interdependence of the world's economies, cultures, and populations.

Just War

A theory in ethics and political philosophy that aims to determine under what conditions war can be deemed morally justifiable.