Post Utme Wellspring University 2017 Accounting Question 2

Practice objective / multiple choice question 2 from the 2017 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2017 Accounting Objective / Multiple Choice
Question 2 POST_UTME_WELLSPRING_UNIVERSITY • 2017 • ACCOUNTING • objective

A government agency is required to prepare a budget for the upcoming fiscal year. Which of the following is a characteristic of a zero-based budget?

Answer Options

Correct Answer A. All expenses are assumed to be zero unless justified
B. All expenses are assumed to be justified unless challenged
C. All expenses are assumed to be justified unless challenged and approved
D. All expenses are assumed to be zero unless approved
Correct Answer
A
Correct Option:
All expenses are assumed to be zero unless justified

About This Question

This is Post Utme Wellspring University 2017 Accounting Question 2. It is one of the objective questions from the 2017 Post Utme Wellspring University Accounting examination.

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