Developing Budgets by Using Last Year's Budget as the Base

question 7

Multiple Choice

Developing budgets by using last year's budget as the base and adding an amount to cover the increased costs of doing business (inflation) and any new programs is called

• A)deficit budgeting.
• B)the program planning budgeting system (PPBS).
• C)incremental budgeting.
• D)zero-based budgeting.
• E)cost analysis.

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Definitions:

Aristotle's Virtues

A key aspect of Aristotle's philosophy, referring to the qualities of character such as courage, temperance, and justice that lead to a good and fulfilling life.

Kant

Immanuel Kant, an 18th-century German philosopher known for his work on epistemology, ethics, and aesthetics.

Means to Achieve

Methods or strategies utilized to accomplish a specific goal or objective.

Carol Gilligan

An American feminist, ethicist, and psychologist best known for her work on ethical relationships and gender differences in moral reasoning.