Question
What is meant by a zero-based budget? Group of answer choices: 1) A budget prepared from first principles 2) A budget which breaks even 3)
What is meant by a zero-based budget?
Group of answer choices:
1) A budget prepared from first principles
2) A budget which breaks even
3) The level of budgeted overheads, if there were no sales
4) The variable elements of a budget, excluding fixed costs
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Financial Institutions Management
Authors: Anthony Saunders, Marcia Cornett
8th Edition
0078034809, 978-0078034800
