Which of the Following Statements Is True About Zero-Based Budgeting

question 44

Multiple Choice

Which of the following statements is true about zero-based budgeting

• A)Managers are required to justify all budgeted expenditures.
• B)Budgets have no financial components - are specified in product units only.
• C)The process starts with last year's budget and changes anticipated are added or subtracted to get the current budget.
• D)Managers are required to use the prior year's budget without changes for the current year.

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Definitions:

Consensus Behaviour

Actions or attitudes adopted by a group as a whole, reflecting a common agreement or shared opinion among its members.

Dispositional Attribution

The tendency to attribute someone's behavior to their personal traits or disposition, overlooking external factors.

Resignation

The act of giving up a job or position, often formally through a written notice.

Temporary Situation

A condition or state of affairs that is not permanent and is expected to change or end after a certain period.