Which of the following best describes a method of budgeting in which the cost of each program must be justified every year?
A) Operational budgeting.
B) Zero-based budgeting.
C) Continuous budgeting.
D) Responsibility accounting.

Question

Quizplus · Accepted Answer

Zero-based budgeting is a method of budgeting where the cost of each program must be justified every year, unlike operational budgeting where the previous year's budget serves as the basis for the current year's budget, and continuous budgeting where budgets are constantly adjusted throughout the year. Responsibility accounting is a system in which an organization's financial information is separated by individual responsibility areas, such as departments or projects, rather than as a whole.

Which of the Following Best Describes a Method of Budgeting