Question on: JAMB Economics - 2017
Which of the following is correct?
A
Traditional budgeting focuses on goals and objectives
B
Zero based budgeting produces a single level of appropriation for an activity
C
Traditional budgeting starts with last year’s funding appropriation
D
Zero based budgeting does not systematically consider alternatives to current operations
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Correct Option: C
Here's the breakdown:
* **Traditional budgeting starts with last year's funding appropriation:** This is the core principle. Traditional budgeting uses the previous year's budget as a base and makes incremental adjustments.
* **Why the other options are incorrect:**
* **A:** Traditional budgeting is less focused on goals and objectives compared to zero-based budgeting.
* **B:** Zero-based budgeting requires justifying every expense and doesn't produce a single level of appropriation.
* **D:** Zero-based budgeting *does* systematically consider alternatives to current operations. This is a key feature of this budgeting method.
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