The Budgeting Strategy That Evaluates the Necessity of Every Item

question 89

Multiple Choice

The budgeting strategy that evaluates the necessity of every item on the budget each year by starting with a zero in each budget category is called:

• A)accrual budgeting.
• B)cash budgeting.
• C)zero-based budgeting.
• D)cash flow budgeting.

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Definitions:

Irving Fisher

An American economist known for his work in the fields of statistics, monetary theory, and interest rates.

Consumption Tax

A tax on the purchase of goods and services.

Income Tax

A tax levied by governments on individuals or businesses based on their income or profits.

Flow Measure

A metric that quantifies the movement or transfer of resources, goods, services, or financial assets over a specific period of time.