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WHAT IS Z.B.B. ZERO BASED BUDGET?

Answer Posted / maheswari.m

A method of budgeting in which all expenses must be
justified for aeach new period.Z.B.B. starts from a zero
base and every function with in an organisation is analysed
for its needs and costs.Z.B.B. allows top level strategic
goals to be implemented into the budgeting process by tying
them to specific functional areas of the organisation.where
costs can be first grouped,then measured against previous
results and current expectations.

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