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 href="https://www.youtube.com/channel/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1" target="_blank" class="youtube-subscribe-button"> Subscribe on YouTube