Zero-based budgeting first came out in …………..

Related MCQs

• Zero-based budgeting is an approach to budgeting that begins from the principle that………………. or activities Should be factored into the plans for the coming budget period.
• A system of zero-based budgeting was first introduced formally in the United States Department of Agriculture in preparing its budget.
• Zero-based budgeting was introduced for the first time in a government system by …………………..
• Budgeting requires eliminating redundant expenditure that no longer serves any clearly defined purpose.
• The second approach in the application of Zero-based Budgeting (ZBB) is to identify and remove duplication or expenditure.
• A main factor contributing to the failure of zero-based budgeting has been due to too much of……………..involved in the procedure.
• The basic process of zero-based budgeting is to justify budget requests for every , regardless of prior period budgets.
• Zero-based budgeting addresses such problems that can take place with ……………. rolling budgets.
• Find the odd one out
• When the lessee is allowed to exchange equipment leased out whenever the original asset has to be sent to the lessor for some repair or maintenance, such type of lease is called _____.