10 Questions
What is the main objective of studying this unit?
To explain the concept and meaning of zero base budgeting
What is the focus of the unit regarding zero base budgeting?
Distinguishing zero base budgeting from traditional budgeting
What is the unit's focus regarding the implementation of zero base budgeting?
Describing the process involved in implementation
What does the unit aim to trace?
Developments necessitating the introduction of zero base budgeting
What does the unit aim to discuss in relation to zero base budgeting system?
The problems and benefits in implementation
Who developed zero-based budgeting in the 1970s?
Peter Pyhrr
What is the primary requirement of zero-based budgeting?
All expenses to be justified and approved in each new budget period
What is the starting point for zero-based budgeting analysis?
Zero base, meaning no funding allocation
What is the intended outcome of zero-based budgeting?
Accessing the efficient use of resources
What is a potential drawback of zero-based budgeting?
Complete restructuring required every budget cycle
Test your knowledge of zero base budgeting with this quiz covering its concept, comparison with traditional budgeting, implementation in India, and more. Assess your understanding of the steps and elements, as well as the benefits and challenges of zero base budgeting.
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