Alerts
Wishlist
Cart
Sign In
Categories
Current Affairs & GK
Current Affairs
Show All Current Affairs & GK
eBooks
General Aptitude
Arithmetic Aptitude
Data Interpretation
Show All General Aptitude
General Knowledge
Basic General Knowledge
General Science
Show All General Knowledge
Medical Science
Anatomy
Biochemical Engineering
Biochemistry
Biotechnology
Microbiology
Show All Medical Science
Technical
Database
Digital Electronics
Electronics
Networking
Show All Technical
Verbal and Reasoning
Logical Reasoning
Verbal Ability
Verbal Reasoning
Show All Verbal and Reasoning
›
Which budgeting method involves preparing budgets based on the previous year's p
Which budgeting method involves preparing budgets based on the previous year's performance?
Expand All
Collapse All
Practice Questions
1 question
Q1
Which budgeting method involves preparing budgets based on the previous year's performance?
Zero-based budgeting
Incremental budgeting
Activity-based budgeting
Flexible budgeting
Show Solution
Copy
Incremental budgeting uses the previous year's budget as a base and adjusts for changes.
Questions & Step-by-step Solutions
1 item
Q
Q: Which budgeting method involves preparing budgets based on the previous year's performance?
Solution:
Incremental budgeting uses the previous year's budget as a base and adjusts for changes.
Steps: 5
Show Steps
Step 1: Understand what budgeting means. Budgeting is planning how to spend money.
Step 2: Learn about different budgeting methods. There are various ways to create a budget.
Step 3: Identify the method that uses last year's budget. This method looks at how much was spent last year.
Step 4: Know the name of this method. It is called 'incremental budgeting.'
Step 5: Understand how it works. Incremental budgeting takes last year's budget and makes small changes for the new budget.
Related Questions
I
If a company has a net income of $250,000 and total revenue of $1,000,000, what
Question: If a company has a net income of $250,000 and total revenue of $1,000,000, what is the pro..
A
A business incurs a loss of 15% on selling a product for $425. What was the cost
Question: A business incurs a loss of 15% on selling a product for $425. What was the cost price?Opt..
A
A firm has a current ratio of 2:1 and current liabilities of $50,000. What are t
Question: A firm has a current ratio of 2:1 and current liabilities of $50,000. What are the current..
I
If a product is sold for $240 after a discount of 20%, what was the original pri
Question: If a product is sold for $240 after a discount of 20%, what was the original price?Options..
I
If a company has total assets of $1,000,000 and total liabilities of $600,000, w
Question: If a company has total assets of $1,000,000 and total liabilities of $600,000, what is the..
‹
Biology (School & UG)
Chemistry (School & UG)
Civil Engineering
Commerce & Accountancy
Computer Science & IT
Current Affairs & GK
Data Structures & Algorithms
eBooks
Electrical & Electronics Engineering
English (School)
General Aptitude
General Knowledge
General Knowledge & Current Affairs
Languages & Literature
Law & Legal Studies
Major Competitive Exams
Mathematics (School)
Mechanical Engineering
Medical Science
Physics (School & Undergraduate)
Quantitative Aptitude & Reasoning
Social Science (School)
Technical
Verbal and Reasoning
Vocational & Skill Development
›
Soulshift Feedback
×
On a scale of 0–10, how likely are you to recommend
The Soulshift Academy
?
0
1
2
3
4
5
6
7
8
9
10
Not likely
Very likely
✕
↑
