Question

2. what is zero based budgeting (zbb) and explain the process of zbb and its advantages

Answer 1

Hey Mate! Here is your answer:-

Zero Budgeting

It is a method of budgeting where all expenses must be justified for all new periods.

Process

It starts from zero base and here every function in an organisation in analysed

Advantages

• Efficient allocation of resources

• It detects inflated budgets

• It drives mangers to find cost effective ways to improve activities.

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