A Zero-Based Budget Is a Budget That Is Continuously Updated

question 91

True/False

A zero-based budget is a budget that is continuously updated so that the next 12 months of operations are always budgeted.

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Definitions:

Social Media

Websites and platforms that allow users to generate and distribute content or engage in social networking activities.

Grant Proposal

A written request for funding, typically submitted to institutions or organizations by individuals or groups seeking to undertake projects or research.

Nonprofit Organization

An entity that operates for a charitable, educational, or social purpose rather than for the profit of private owners or shareholders.

Governmental Organization

An entity that is part of the public sector, established by the government to perform specific functions or services.