- 1 Marks
Question
A budget whose preparation starts from scratch is known as
A. Rolling budget
B. Flexible budget
C. Zero-based budget
D. Activity-based budget
E. Fixed budget
Answer
Answer:
C. Zero-based budget
Explanation:
Zero-based budgeting starts from a base of zero, and all expenses must be justified for each new period.
- Tags: Budgeting, Multiple Choice, Objective Question, Zero-Based Budgeting
- Level: Level 1
- Uploader: Kwame Aikins