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Explain How a System of Program Budgeting Has the Potential

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Explain how a system of program budgeting has the potential to improve efficiency within the government sector of an economy.How does program budgeting differ from line budgeting? Use isoquant analysis to show how program budgeting achieves efficiency.What are the advantages and disadvantages of zero-base budgeting?


Definitions:

Vision in Leadership

The ability of organizational leaders to foresee the future state of their organization and to formulate a clear strategy to guide its direction and growth.

Optimistic Picture

A positive or hopeful outlook regarding a situation or the future.

Cognitive Skills

Mental abilities and processes related to acquiring knowledge, reasoning, memory, attention, and problem-solving.

New Product Ideas

Concepts or proposals for new goods or services that a company can develop and introduce to the market.

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