An Often Used Approach to Budgeting That Simply Derives the Subsequent

question 16

Multiple Choice

An often used approach to budgeting that simply derives the subsequent year's budget from the current year's budget is called:

• A) Planning-programming-budgeting.
• B) Incremental budgeting.
• C) Zero-based budgeting.
• D) Performance budgeting.

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Definitions:

Planning

The act of determining strategies or outlining steps and actions to achieve specific goals or objectives.

Leader

An individual who influences and guides others towards achieving a common goal, often demonstrating qualities such as vision, communication, and adaptability.

Standards

Established criteria or benchmarks that define the quality and performance expectations for products, services, or behaviors.

Objectives

Specific, measurable, achievable, relevant, and time-bound goals that guide the activities and focus of individuals or organizations.