Which of the following statements correctly describes a disadvantage of using a zero-based budgeting system?...
70.2K
Verified Solution
Link Copied!
Question
Accounting
Which of the following statements correctly describes a disadvantage of using a zero-based budgeting system? The annual review needed to implement a zero-based budgeting system A. can be very time consuming and expensive. B. A zero-based budgeting system is based on a set of assumptions that may not come true. If a project uses resources that are used in other areas of the organization, a C. zero-based budgeting system may not give an accurate estimate of its costs. A zero-based budgeting system is only useful for control purposes, not planning purposes
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!