The approach to budgeting in which the financial database of the immediate past year is increased by some given percentage for the coming year is termed ______________.
A) milestone budgeting
B) incremental budgeting
C) zero-based budgeting
D) benchmark budgeting

Question

Quizplus · Accepted Answer

Incremental budgeting involves taking the previous year's budget and adding a certain percentage to account for inflation or other factors, making it a straightforward and commonly used method.

The Approach to Budgeting in Which the Financial Database of the Immediate