What budgeting principle or process involves developing a budget by using last year's budget as the base and adding an amount to cover the increased costs of doing business (inflation) and any new programs?

Question

Quizplus · Accepted Answer

Incremental budgeting involves using the previous year's budget as a base and adjusting it for inflation and new programs, making it a straightforward and commonly used budgeting method.

What Budgeting Principle or Process Involves Developing a Budget by Using