The Budget Procedure That Requires All Levels of Management to Start

question 149

True/False

The budget procedure that requires all levels of management to start from zero in estimating sales, production, and other operating data is called zero-based budgeting.

---

Definitions:

Revolving Nosepiece

is a part of a microscope that holds multiple objective lenses and allows for easy switching between magnifications.

Small Lenses

Optical components designed to focus or diverge light, typically used in cameras, glasses, and scientific instruments.

PASS Method

Acronym for Pull, Aim, Squeeze, and Sweep, a technique used for effectively using a fire extinguisher.

Fire Extinguisher

A device that discharges a substance to put out a fire, often by cooling the fire, cutting off its oxygen supply, or both.