Rather than build the current year budget on increases from the previous year's budget, ________ evaluates the necessity of every item.
A)zero-based budgeting
B)zero-based accounting
C)ground-up budgeting
D)year-one budgeting

Question

Quizplus · Accepted Answer

Zero-based budgeting involves evaluating the necessity of every item in the budget, regardless of whether or not it was included in the previous year's budget. This helps ensure that the budget is reflective of current needs and priorities, rather than simply a continuation of past spending habits.

Rather Than Build the Current Year Budget on Increases from the Previous