English
English version

zero-based budgeting

From Longman Business Dictionaryzero-based budgetingˌzero-based ˈbudgetingACCOUNTINGFINANCE a system of budgeting in which each department in a company must give the reasons why it needs the money it has asked for, rather than being given a regular amount every yearZero-based budgeting forces each department to reappraise its spending on overseas business travel every year. budgeting
Pictures of the day
What are these?
Click on the pictures to check.