The Process of Taking a Previous Period's Budget and Making

question 12

Multiple Choice

The process of taking a previous period's budget and making minor changes to produce the current year's budget is called:

• A)zero based budgeting.
• B)enumerated budgeting.
• C)developmental budgeting.
• D)incremental budgeting.

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Definitions:

Poor Performers

Employees or aspects of a business that are not meeting established standards or expectations.

IASB Project

Initiatives or research projects undertaken by the International Accounting Standards Board to develop, amend, or improve international financial reporting standards.

Accounting for Carbon Emissions

The practice of recording and managing the carbon dioxide emissions resulting from a company's operations and its environmental impact.