The budgeting approach that focuses on what is likely to change during the coming year is best described as
A) The incremental approach
B) The zero-based approach
C) The input-output approach
D) The Du Pont approach

Question

Quizplus · Accepted Answer

The incremental approach is a budgeting approach that focuses on adjusting the previous year's budget based on factors such as inflation, growth, and changes in the market. It assumes that most of the expenses and revenues will remain the same and only incremental changes will occur.

The Budgeting Approach That Focuses on What Is Likely to Change