The correct answer is: B. Peter Drucker.
Zero-based budgeting (ZBB) is an approach to budgeting in which every expense must be justified for each new budget period. This is in contrast to incremental budgeting, in which the previous year’s budget is used as a starting point, with only changes being justified.
ZBB was developed by Peter Drucker in the 1960s. He argued that ZBB would help organizations to be more efficient and effective by forcing them to regularly review and justify all of their expenses.
ZBB has been adopted by a number of organizations, including the United States federal government. However, it has also been criticized for being too complex and time-consuming.
Peter A. Payer is an American economist who is known for his work on health care policy. Jagdish Bhagwati is an Indian-American economist who is known for his work on international trade.
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