What term is given to the idea that traditional budgeting should be replaced by a new type of budgeting?

Related MCQs

• Traditional absorption costing is ----------
• ----------- in Activity Based Costing is like ‘cost centre’ in traditional costing.
• The type of spoilage that should not affect the cost of inventories is
• The type of process loss that should not affect the cost of inventory is
• Where process scrap is recycled for use in conjunction with new material as well as being so externally, which of the following is most likely to be the value at which is debited to the process?
• What term best describes the use of both financial and non-financial measures in assessing whether an entity has achieved its objectives?
• What is an alternative term for expected value?
• What term is used to describe the level of efficiency achieved that appropriately trained, motivated and resourced employees can achieve in the long-run?
• The monetary value attributed to normal losses in a process should be:
• A just in time manufacturing system should lead to: