Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

out of 5 0 Which of the following is FALSE on different approaches of budgeting?Zero - based budgeting is time consuming and best suited for

out of 50Which of the following is FALSE on different approaches of budgeting?Zero-based budgeting is time consuming and best suited for discretionary costs (non-essential operating costs)Incremental budgeting takes previeus years' budget and add or subtract a certain percentage from it to make the new year's budgetActivity based budgeting may lead to budgeting slack and a manager may overshoot the size of the budgetIn value proposition budgeting a value proposition has to be made for each line item on the income statement to justify why it should be included in the budget

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Securitisation Derivatives A Practioner's Handbook

Authors: Mark Aarons, Vlad Ender, Andrew Wilkinson

1st Edition

1119532272, 978-1119532279

More Books

Students also viewed these Finance questions

Question

an element of formality in the workplace between different levels;

Answered: 1 week ago