What type of budgeting requires each manager to justify an entire budget request

Question

What type of budgeting requires each manager to justify an entire budget request in detail? A. Capital budgeting B. Balance sheet budgeting C. Revenue and expense budgeting D. Zero-base budgeting What type of budgeting requires each manager to justify an entire budget request in detail? A. Capital budgeting B. Balance sheet budgeting C. Revenue and expense budgeting D. Zero-base budgeting What type of budgeting requires each manager to justify an entire budget request in detail? A. Capital budgeting B. Balance sheet budgeting C. Revenue and expense budgeting D. Zero-base budgeting

Explanation / Answer

Correct Answer:

D. Zero-based budgeting

Explanation:

As the name suggests, in this budgeting process, each budget is independent of the past budgets and managers has to explain each item and justify the expenses. Then only, the budget is approved under this method of budgeting.

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