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A budget prepared without monetary amounts is known as a "zero-based budget." This type of budget focuses on justifying each expense, starting from a "zero base," rather than adjusting previous budgets. It emphasizes the prioritization of activities and resource allocation based on needs and benefits rather than historical expenditures. This approach allows for a more strategic allocation of resources based on current objectives rather than past spending patterns.
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Fiscal policy and monetary policy?
fiscal is the governments budget in terms of spending and expenditure. so there can either be a budget deficit or a budget surplus. when there is a budget surplus, government use a contractionary fiscal policy, and when there is a deficit, they use an expansionary fiscal policy. Monetary policy is used to combat an economy growing to quickly and inflation is rising. in most countries this is the Official Cash Rate. There is a tight monetary policy which government can impose if the economy is growing rapidly and this is used to constrict spending within that economy
What is fiscal policy and how is it different to monetary policy?
Monetary policy refers to any measure that bring about changes in the rate of interest and the supply of money. Fiscal policy is the term used to describe how governments use taxation and government spending to manage the economy. <><> Fiscal policy includes increase or decrease of government expenditures and taxes while monetary policy includes expansion n contraction of money supply. <><> Fiscal policy is the government's budget in terms of spending and expenditure. There can either be a budget deficit or a budget surplus. When there is a budget surplus, the government uses a contractionary fiscal policy, and when there is a deficit, they use an expansionary fiscal policy. Monetary policy is used to combat an economy growing to quickly and inflation is rising. In most countries this is the Official Cash Rate. There is a tight monetary policy which government can impose if the economy is growing rapidly and this is used to constrict spending within that economy
A planning budget is prepared before the period begins and is valid for only the planned level of activity true or false?
True.
Do monetary policy affects money supply?
The stimulus package affects money supply by decreasing debts using budget cuts in areas where money isn't needed as much. It also lowers money supply in areas that can benefit from a higher budget.
What is the difference between planned and unplanned budget?
A planned budget is one that is structured and has been well thought out. An unplanned budget is one that pays bills and expenses as they come without a preset plan.
Which budget is prepared first?
The sales budget is the first budget to be prepared.
What is a budget which is prepared for one level of activity?
a budget which is prepared for one level of activity is:
Which budget is prepared last?
Cash Budget
Fiscal and monetary tools used in year 2008 budget of Nigeria?
what are the fiscal and monetary tools used in year 2008 budget of nigeria
Why is the Sales budget the first budget to be prepared?
Budgets promote efficiency and serve as a deterrent to waste? A sales budget should be prepared before the production budget?
When is manufacturing cost budget prepared?
manufacturing budget is prepared after the revenue, production and direct metrical usage budget because u need the solution from the production budget
What is a budget that is prepared for one level of activity?
The budget that is prepared for one level of activity is known as a static budget. A static budget is often one of many other budgets that are created off of a master budget.
Who prepares a master budget?
it is prepared by the appointed , qualified budget comitee
When is Direct Labor Budget prepared?
Direct labor budget is prepared during planning stage before the actual production starts.
Explain how a fixed cash budget differs from a variable or flexible cash budget?
fixed budget is prepared at the start of the period and flexible budget is prepared at the end of period it is adjusted from current activity level of company...
How the budget is prepared?
what are the steps to be followed to prepare a budget usuing the mtef method
What budgets are prepared before the sale budget is it the budget income statement or the direct labor budget?
NONE
