The CIMA definition of zero-based budgeting is set out below, with two blank sections.
"Zero-based budgeting: A method of budgeting which requires each cost element ____________, as through the activities to which the budget relates ____________."
Which combination of two phrases correctly complete the definition?

Related MCQs

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• ………………….budget may be classified into material cost budget, labour cost budget and overhead budget.
• ABC ltd. uses the following flexible budget formula to annual maintenance cost: Total cost = Rs. 6720 + Rs. 0.64 for machine hour The current month's budget is based on 20,000 hours of planned machine time. The maintenance cost included in this flexible budget for the current month is
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• ……………….budget gives an estimate of the anticipated receipts and payment of cash during the budget period.
• …………………budget is the preparation of budget starting from a clean state.
• Cash Budget is a ……………….budget.