When a Project or Activity Is Budgeted in Each New

question 81

Multiple Choice

When a project or activity is budgeted in each new budget cycle as if it were brand new, a(n) __________ budgeting approach is being used.

• A) flexible
• B) operational
• C) contingency
• D) zero-based
• E) fixed

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Definitions:

Planning

The process of setting goals, determining the actions required to achieve these goals, and mobilizing resources to execute the actions.

Performance-Oriented

An approach that prioritizes achievement and effectiveness, often in the context of work or competition.

Controlling

In management, this involves monitoring performance, comparing it against goals, and implementing corrective actions to ensure achievement of objectives.

Planning

A process involving the setting of goals, developing strategies to achieve those goals, and outlining tasks and schedules to implement the strategies.