"Zero-Base Budgeting" Was a

question 44

Multiple Choice

"Zero-base budgeting" was a

• A) method of budgeting that dictated funding for federal agencies could never be cut unless the federal government was running a budget deficit.
• B) method of budgeting from the bottom up whereby each agency was required to rejustify its entire mission rather than merely its next year's increase.
• C) method of budgeting in which each federal agency would receive a zero percent increase each year.
• D) phrase used by President Bill Clinton in his attempts to persuade the public that there was very little basis for cutting the funding of most federal programs.

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Definitions:

Adjusting Entries

Journal entries made at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.