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Questions and Answers
What is the main objective of studying this unit?
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?
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?
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?
What does the unit aim to trace?
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What does the unit aim to discuss in relation to zero base budgeting system?
What does the unit aim to discuss in relation to zero base budgeting system?
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Who developed zero-based budgeting in the 1970s?
Who developed zero-based budgeting in the 1970s?
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What is the primary requirement of zero-based budgeting?
What is the primary requirement of zero-based budgeting?
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What is the starting point for zero-based budgeting analysis?
What is the starting point for zero-based budgeting analysis?
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What is the intended outcome of zero-based budgeting?
What is the intended outcome of zero-based budgeting?
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What is a potential drawback of zero-based budgeting?
What is a potential drawback of zero-based budgeting?
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