Write a note on ‘Zero base budgeting. (Answer limit: 50 words, Marks 05) [RPSC 2023]
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
Zero-based budgeting (ZBB) is a budgeting approach where each department starts from a “zero base” each period. All expenses must be justified for each new period, rather than using previous budgets as a baseline. This method promotes efficient resource allocation, cost management, and encourages prioritization of activities based on current needs.