A budget based on prior year's budget as a starting point is a:

Question

Quizplus · Accepted Answer

An incremental budget is a budget that starts with the previous year's budget and adjusts it based on expected changes in costs, revenues, and other budget factors. This approach is often used by organizations to make small adjustments to their budget over time, rather than starting from scratch every year. The other choices are not appropriate as a budget based on a prior year’s budget is not a zero-based budget or prior year budget, and it is not mandatory.

A Budget Based on Prior Year's Budget as a Starting