Features and Objectives of Zero Based Budgeting
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Questions and Answers

What is a key feature of Zero-Based Budgeting (ZBB)?

  • Only new activities are evaluated, not existing ones
  • Activities are justified based on past practices
  • Resources are allocated without any analysis
  • All proposed activities are analyzed and evaluated (correct)

    • What is the primary focus of ZBB when considering activities?

  • Current operating levels
  • Past practices
  • Wants rather than needs
  • Systematic analysis and evaluation (correct)

    • How does ZBB impact resource allocation?

  • It reallocates resources to achieve objectives (correct)
  • It does not reallocate any resources
  • It reallocates resources based on past performance
  • It allocates resources randomly

    • What is one of the objectives of ZBB mentioned in the text?

    <p>Improve budget information quality through systematic analysis</p> Signup and view all the answers

    How does ZBB aim to impact funding for different activities?

    <p>Reduce funding for low-priority activities to fund high-priority ones</p> Signup and view all the answers

    What kind of budget approach is ZBB according to the text?

    <p>A total budget approach requiring justification for all proposed activities</p> Signup and view all the answers

    Where are special accounts maintained within the General Fund?

    <p>For development projects funded from internal revenue allotment</p> Signup and view all the answers

    Which local government entities constitute Special Funds?

    <p>Municipalities, cities, and provinces</p> Signup and view all the answers

    What is the primary purpose of the Special Education Fund (SEF)?

    <p>For operation and maintenance of public schools</p> Signup and view all the answers

    What are Trust Funds, as described in the text?

    <p>Public and private monies under the local government's possession as trustee</p> Signup and view all the answers

    What is NOT included within the SEF allocation objectives?

    <p>Investment in healthcare facilities</p> Signup and view all the answers

    What distinguishes Special Funds from the General Fund?

    <p>Special Funds are constituted by municipalities, cities, and provinces</p> Signup and view all the answers

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