What Budget Approach Requires Organizations to Justify Their Budgets from the Ground

question 41

Multiple Choice

What budget approach requires organizations to justify their budgets from the ground up?

• A) zero-based
• B) cost center
• C) incremental
• D) use-it-or-lose-it

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Definitions:

Normal Populations

Populations that follow a normal distribution, characterized by its bell-shaped curve, where the mean, median, and mode are all equal.

Equal Variances

Assuming that two or more populations have the same variance, often an assumption in statistical tests comparing populations.

Sample Variances

Sample variances refer to the measurement of the variance within a sample from a population, providing an estimate of the population variance.

Population Variance

A measure that indicates the spread of a population's data points or how much the population's data values differ from the mean of the population.