ZERO-BASE BUDGETING (ZBB)


Meaning of ZERO-BASE BUDGETING (ZBB) in English

Budgeting method that disregards the previous year's budget in setting a new budget, since circumstances may have changed. Each and every expense must be justified in this system.

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.