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A zero-based budget, on the other hand, is a budget that does not take anything for granted. It starts from point zero for each budgetary element and department each year and attempts to justify every dollar of expenditure.
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How would you describe an activity-based budget?
Activity-based budgeting is a technique that focuses on costs of activities or cost drivers necessary for production and sales. Such an approach facilitates continuous improvement.
How rolling budget system would operate?
A rolling budget system is one in which a budget is updated to add a new budget period once the most recent period has completed. Another term for this type of system is "continuous budgeting."
Explain the purposes of sales budget?
Sales budget is the most important budget while making the overall budget for the organization for a fiscal year. It is important in this sense that how would anybody make fiscal budget for organization if he don't know about how much to sale or what are the organization's sale would be. If you know the sales volume of units of product you want to sale in a fiscal year then you will make production budget according to that sales requirement in mind you will have production information in mind you will purchase raw material, hire labour according to requirements. So if you don't know about how much you want to sale then how would you budget other things and how would you compare your performance at the end of fiscal year.
How would you promote awareness of the importance budget control?
Human resource
How would you define a budget?
A budget is a quantitative plan of operations that identifies the resources needed to fulfill the organization's goals and objectives. It includes both financial and nonfinancial aspects.
How would you describe a master budget?
A master budget is comprised of operating budgets and financial budgets.
How would you describe a top-down budget?
A top-down budget is a budget that is essentially imposed on the organization by top management.
How would you describe an incremental budget?
An incremental budget is a budget that is prepared based on prior-year figures, allowing for factors such as inflation.
What Type of Graph would you use to describe a budget of a local government agency?
a bar graph
Describe the circumstances when a budget revision should allowed and when it should be refused?
describe when a budget revision should be refused.
Describe the value of a monthly a quarterly and a fiscal year budget report and what would occur without reviews of these?
why might shppers use a budget the spending plan for the fiscal year--APEX
How would you describe a bottom-up budget?
A participatory, or bottom-up budget, on the other hand, starts with the employees in each department determining their needs and requirements in order to achieve the company goals.
How would you describe the process of updating a budget?
variations of budgets are continuous budgets and continuously updated budgets. Rather than preparing one budget for the upcoming year, in a continuous budget one updates the budget for the following twelve months at the end of each month or each quarter.
What was the best way to describe eisenhower domestic policy?
Determined to balance the budget.
How would you describe a financial budget?
Financial budgets identify sources and outflows of funds for the budgeted operations and the expected operating results for the period.
Preparing a budget showing both anticipated and actual expenses What kind of budget would it be?
It would be an expense budget.
Components that go into the preparation of a sales budget Briefly describe the steps involved in the preparation of the same?
which components have to be considered when preparing a sales budget?
