Zero-based budget
Surplus budget
Balanced budget
Deficit budget
Answer is Right!
Answer is Wrong!
The correct answer is: A) Zero-based budget
A zero-based budget is a budgeting process in which all expenses are justified for each new budget period, regardless of whether they were previously approved. This means that every item in the budget must be approved from scratch, rather than being automatically continued from the previous year.
Zero-based budgeting is often used by businesses and governments to try to control spending and improve efficiency. It can be a time-consuming and complex process, but it can also lead to significant savings.
Here is a brief explanation of each option:
- A) Zero-based budget is a budgeting process in which all expenses are justified for each new budget period, regardless of whether they were previously approved. This means that every item in the budget must be approved from scratch, rather than being automatically continued from the previous year.
- B) Surplus budget is a budget in which the government’s revenue is greater than its expenses. This means that the government has a surplus of money, which can be used to pay down debt, invest in new programs, or provide tax breaks.
- C) Balanced budget is a budget in which the government’s revenue is equal to its expenses. This means that the government does not have a surplus or deficit.
- D) Deficit budget is a budget in which the government’s expenses are greater than its revenue. This means that the government has a deficit, which must be financed by borrowing money.