As an accountant for a large marketing company, Conrad uses last year's budget to develop projections for the upcoming annual budget. This is an exmaple of what type of budgeting?
A) Incremental budgeting
B) Operational budgeting
C) Zero-base budgeting
D) Laissez-faire budgeting

Question

Quizplus · Accepted Answer

Incremental budgeting involves using the previous year's budget as a base and making adjustments for the new budget period.

As an Accountant for a Large Marketing Company, Conrad Uses