The ________ Requires a Manager to Start with the Previous

question 68

Multiple Choice

The ________ requires a manager to start with the previous year's budget and then present arguments for why the upcoming year's budget should be increased or decreased.

• A) performance-based budgeting approach
• B) zero-based budgeting approach
• C) income-based budgeting approach
• D) incremental budgeting approach

---

Definitions:

Lease

A contractual agreement by which one party conveys property, land, or services to another for a specified time, usually in return for a periodic payment.

Reasonable Price

A price that is fair and acceptable based on the context of the market, product, or service being provided.

Sheet Metal

A flat piece of metal formed into thin and flat pieces, used in building and manufacturing for various purposes.

Market Price

Market price is the current value at which a good, service, or asset can be bought or sold in a competitive marketplace.