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Answer Posted / kk
A method of budgeting in which all expenses must be
justified for each new period. Zero-based budgeting starts
from a "zero base" and every function within an
organization is analyzed for its needs and costs. Budgets
are then built around what is needed for the upcoming
period, regardless of whether the budget is higher or lower
than the previous one.
| Is This Answer Correct ? | 149 Yes | 12 No |
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