Zero-based budgeting: (a) Ignores previous budgets (b) Assumes zero inflation is to be added to last years

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Zero-based budgeting:

(a) Ignores previous budgets

(b) Assumes zero inflation is to be added to last year’s budget to arrive at this year’s figures

(c) Uses previous budgets as the basis for the current budget

(d) Rounds all figures within the budget to the nearest zero.

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Accounting And Finance For Business

ISBN: 9780273773948

1st Edition

Authors: Geoff Black, Mahmoud Al-Kilani

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Question Posted: Jul 02, 2024 09:06 AM

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Zero-based budgeting: (a) Ignores previous budgets (b) Assumes zero inflation is to be added to last years

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Accounting And Finance For Business

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