Zero-Based Budgeting

question 64

Multiple Choice

Zero-based budgeting:

• A) Requires justification for any new increases in requested amounts
• B) Means that managers will have little or no work to prepare their budget requests
• C) Requires managers to justify all funds requested
• D) Is used as a means of reducing the paperwork involved with the budget process

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Definitions:

Infant Mortality

Infant mortality is the statistical measure of the number of deaths of infants under one year old per 1,000 live births.

Reliability

The degree to which a system, component, or process performs its required functions under stated conditions for a specified period of time.

Components In Series

An electrical configuration where components are connected along a single path, so the same current flows through all of them.

Preventive Maintenance

Routine maintenance, inspections, and servicing performed on equipment, machinery, or systems to prevent unexpected failures or breakdowns.