Zero-Based Budgeting

question 18

Multiple Choice

Zero-based budgeting

• A)Is an approach to budgeting that solely applies to public sector organisations
• B)Is an approach in which managers are required to justify all budgeted expenditures, not just changes in the budget from the previous year
• C)Is best carried out on a quarterly basis
• D)Should be undertaken on a routine basis

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Definitions:

Socialization

The process through which individuals learn and adopt the norms, values, customs, and behaviors appropriate to their society.

Consciousness

The condition of being conscious and cognizant of the environment, one's thoughts, and emotions.

Cocktail Party Effect

The ability to focus one's auditory attention on a particular stimulus while filtering out a range of other stimuli, almost as if at a noisy party.

Attention

The act of mentally directing focus towards a particular part of the environment, disregarding other elements.