Zero-based budgeting develops models,tools,documents,processes,and terminology that represent the accumulated knowledge of a community.

Question

Quizplus · Accepted Answer

Zero-based budgeting is a method of budgeting in which all expenses must be justified for each new period, starting from a "zero base," rather than only explaining the amounts requested in excess of the previous period's funding.

Zero-Based Budgeting Develops Models,tools,documents,processes,and Terminology That Represent the Accumulated Knowledge