Compare the Traditional Approach to Budgeting with the Zero-Base Budgeting

question 118

Essay

Compare the traditional approach to budgeting with the zero-base budgeting approach.

---

Definitions:

Globalization

The process of interaction and integration among people, companies, and governments worldwide, driven by international trade and investment and aided by information technology.

Nation-State Governance

The management and administration of the affairs of a nation-state, including the implementation of policies and laws.

Homogeneity

The quality or state of being all the same or all of the same kind, often used in sociology to describe societies with little cultural diversity.

Economic Freedom

The condition in which individuals have the ability to make their own economic decisions, including what to produce, consume, and exchange.