Z
Zero Base Budgeting: Budgeting usually tends to be an incremental exercise. The current year’s figures are adjusted suitably to arrive at the next year’s figures. Zero based budgeting challenges basic assumptions and tries to arrive at budget figures for the next year from scratch. This kind of an approach to budgeting is useful for exposing and eliminating inefficiencies which have accumulated over a period of time.
Thursday, December 4, 2008
Letter Z
Posted by Unknown at 10:55 PM
Labels: Strategic Dictionary
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