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Larry was recently knocked unconscious when he struck his head on the ice during a figure skating routine.He used to be a world-class figure skater, but now he is having difficulty coordinating the motor skills involved in various jumps and spirals.It is likely that when he fell on the ice Larry damaged his:
Zero-based Budgeting
A budgeting method that starts from a "zero base" every period, requiring all expenses to be justified for each new period, as opposed to being carried forward.
Top-Down Budgeting
A budgeting approach where the budget is created by top-level management and then distributed to lower levels for implementation.
Bottom-Up Budgeting
A budgeting process where the budget is prepared with the input and estimates coming from lower-level staff, before being aggregated and approved at higher levels.
Operating Budgets
A financial plan that estimates the expected income and expenses for a specific period in the future, often used to guide business activities.
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