Which of the Following Budget Approaches Begins Each Year at $0

question 97

Multiple Choice

Which of the following budget approaches begins each year at $0 and each individual budget item must be justified?

• A)Dollar value-based budgeting
• B)Governmental-based budgeting
• C)Justification-based budgeting
• D)Zero-based budgeting

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Definitions:

Reporting Financial

Involves the process of preparing financial statements that disclose an organization's financial status to management, investors, and the government.

Projects Vision

A clear and inspiring long-term goal for a project, describing what the project aims to achieve in the future.

Short Term

Pertaining to a limited time frame, often indicating a focus on immediate or near-future considerations rather than long-term planning.

Penetrating Questions

Inquiries that are designed to elicit deep and insightful responses, often uncovering underlying motives or truths.