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Define zero based budgeting.

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2. Define zero based budgeting.

Please make sure you have included references and please do not plagerize.

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Solution Summary

In traditional budgeting, the person preparing the budget only need to justify the "increased" amount over the previous year budget.

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In traditional budgeting, the person preparing the budget only need to justify the "increased" amount over the previous year budget and need not explain the total expenditure from scratch. For example, let's say 100 dollars was budgeted and spent for last year and this year, the budget has been increased to 110 dollars. Therefore, as per traditional budgeting, one only needs to justify and ...

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Sandeep Bardia, MBA
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  • MBA, Rochester Institute of Technology
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