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What do you mean by zero based budgeting? - Economics

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What do you mean by zero based budgeting?

What is zero-based budget?

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Solution

In simple terms, zero based budgeting (ZBB) is a method of evaluating different programs to determine which is the best option and allocating resources, and it is a means of justifying budget demands from the bottom up.

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Chapter 30: Budget - TEST QUESTIONS [Page 30.28]

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R. K. Lekhi and P. K. Dhar Economics [English] Class 12 ISC
Chapter 30 Budget
TEST QUESTIONS | Q A. 23. | Page 30.28
R. K. Lekhi and P. K. Dhar Economics [English] Class 12 ISC
Chapter 30 Budget
EXAMINATION CORNER | Q 8. | Page 30.30
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