ou are preparing an expenditure budget for a department of a company established 50 years ago. The department for which you are preparing the budget has been in operation for all of those 50 years. You are drawing up a budget for next year without looking at this year's or last year's budget or this year's or last year's expenditure. It will be an entirely new budget, not based on past practice or experience. Your budget will not allow for any variations in corporate activity or income. What type of budget are you preparing?