26. During an economic downturn

1. Conventional budgeting is more useful because the budget is likely to have a great deal
2. of change.
3. Zero-based budgeting is more useful because the budget is likely to have a great deal
4. of change.
5. Conventional budgeting is more useful because the previous budget provides a good
6. starting point.
7. Zero-based budgeting is more useful because the previous budget provides a good
8. starting point.

27. A cash budget is useful

1. Can show when the organization can invest excess cash.
2. Can show when the organization needs to borrow cash.
3. To project cash inflows and outflows.
4. For liquidity planning.
5. All of the above.