Which of the following statements is true about zero-based budgeting?
A) The process starts with last year's budget and changes anticipated are added or subtracted to get the current budget.
B) Managers are required to justify all budgeted expenditures.
C) Budgets have no financial components - are specified in product units only.
D) Managers are required to use the prior year's budget without changes for the current year.
Correct Answer:
Verified
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