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How does zero-based budgeting differ from standard budgeting

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Reference no: EM13888285

Information regarding many approaches to budgeting can be found on the Web. The fol- lowing activity investigates the merits of "zero-based" budgeting, as discussed by Michael LaFaive, Director of Financial Policy of the Mackinac Center for Public Policy.

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Instructions

Read the article at the website and answer the following questions.

(a) How does zero-based budgeting differ from standard budgeting procedures?

(b) What are some potential advantages of zero-based budgeting?

(c) What are some potential disadvantages of zero-based budgeting?

(d) How often do departments in Oklahoma undergo zero-based budgeting?

Reference no: EM13888285

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