An approach to producing a budget which is based on the previous years budget is called:

Question

Quizplus · Accepted Answer

Incremental budgeting involves starting with the previous year's budget and making adjustments based on changes in revenue and expenses. It is a common approach used by organizations to develop their annual budget. Other options presented, such as PPBS, ZBB, and performance budgeting, involve different methodologies for budgeting and do not necessarily rely on the previous year's budget as a starting point.

An Approach to Producing a Budget Which Is Based on the Previous