Budgeting which makes an adjustment to last year's cost centre expenditure is known as:
A) Incremental Budgeting
B) Rolling Budgeting
C) Engineered Budgeting
D) Program Budgeting

Question

Quizplus · Accepted Answer

Incremental budgeting involves adjusting the previous year's budget to account for changes in costs or activities, making it a straightforward and commonly used budgeting method.

Budgeting Which Makes an Adjustment to Last Year's Cost Centre