Definition - Zero base budgeting

Q.  A budgeting process which demands each manager to justify his entire budget in detail from beginning is
- Published on 14 Sep 15

a. Functional budget
b. Master budget
c. Zero base budgeting
d. None of the above

ANSWER: Zero base budgeting

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    Discussion

  • jashanjeet singh   -Posted on 02 Apr 23
    Zero-based budgeting is a budgeting method that requires all expenses to be justified and approved in each new budget period. In other words, It is a method in which each costs element to be specifically justified. Every time it starts from scratch i.e from very beginning.

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