Rather Than Build the Current Year's Budget on Increases from the Previous

question 41

True/False

Rather than build the current year's budget on increases from the previous year's budget,zero-based budgeting starts from a budget of zero and evaluates the necessity of every item.

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Definitions:

Living System

A concept in biology and ecological studies that refers to any system that uses energy for the purposes of growth, maintenance, and reproduction.

Theory Y

A management approach based on the belief that employees are inherently motivated, enjoy their labor, and will seek and accept greater responsibility.

Personally Relevant

Pertaining to or significant in relation to one's own life, interests, or experiences.

Management Begin

Refers to the initiation phase in the development of management practices or the foundational period of a manager's career where foundational skills and philosophies are established.