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Features and Objectives of Zero Based Budgeting

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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?

Improve budget information quality through systematic analysis (C) Signup and view all the answers

How does ZBB aim to impact funding for different activities?

Reduce funding for low-priority activities to fund high-priority ones (B) Signup and view all the answers

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

A total budget approach requiring justification for all proposed activities (D) Signup and view all the answers

Where are special accounts maintained within the General Fund?

For development projects funded from internal revenue allotment (B) Signup and view all the answers

Which local government entities constitute Special Funds?

Municipalities, cities, and provinces (A) Signup and view all the answers

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

For operation and maintenance of public schools (D) Signup and view all the answers

What are Trust Funds, as described in the text?

Public and private monies under the local government's possession as trustee (B) Signup and view all the answers

What is NOT included within the SEF allocation objectives?

Investment in healthcare facilities (A) Signup and view all the answers

What distinguishes Special Funds from the General Fund?

Special Funds are constituted by municipalities, cities, and provinces (D) Signup and view all the answers