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Zero Base Budgeting Quiz

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Questions and Answers

What is the main objective of studying this unit?

To explain the concept and meaning of zero base budgeting (correct)

To compare zero base budgeting with other budgeting techniques

To analyze the financial position of India

To discuss the problems in implementation of traditional budgeting

What is the focus of the unit regarding zero base budgeting?

Exploring the benefits of traditional budgeting

Describing the financial position of India

Distinguishing zero base budgeting from traditional budgeting (correct)

Analyzing the budgetary deficit of India

What is the unit's focus regarding the implementation of zero base budgeting?

Comparing zero base budgeting with other budgeting techniques

Analyzing the benefits of traditional budgeting

Discussing the financial challenges faced by India

Describing the process involved in implementation (correct)

What does the unit aim to trace?

Developments necessitating the introduction of zero base budgeting Signup and view all the answers

What does the unit aim to discuss in relation to zero base budgeting system?

The problems and benefits in implementation Signup and view all the answers

Who developed zero-based budgeting in the 1970s?

Peter Pyhrr Signup and view all the answers

What is the primary requirement of zero-based budgeting?

All expenses to be justified and approved in each new budget period Signup and view all the answers

What is the starting point for zero-based budgeting analysis?

Zero base, meaning no funding allocation Signup and view all the answers

What is the intended outcome of zero-based budgeting?

Accessing the efficient use of resources Signup and view all the answers

What is a potential drawback of zero-based budgeting?

Complete restructuring required every budget cycle Signup and view all the answers