A budgeting approach that requires a cost centre to plan its expenditure specifically around the programs or projects conducted by the cost centre is known as:

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Program budgeting is the budgeting approach that requires a cost centre to plan its expenditure specifically around the programs or projects conducted by the cost centre. This means that instead of simply allocating a set amount of funds for the cost centre, the budget is based on the needs and goals of individual programs or projects. This can help ensure that resources are allocated efficiently and effectively towards achieving specific objectives.

A Budgeting Approach That Requires a Cost Centre to Plan