Consider the Following Statements About Zero-Base Budgeting

Consider the following statements about zero-base budgeting.
i. The budget for virtually every activity in an organisation is initially set to the level that existed during the previous year.
ii. The budget helps identify areas of waste and redundant activities.
iii. The budget must be justified in terms of its continued usefulness.
Which statement/s is/are true?

A) i, ii and iii
B) i and ii
C) ii and iii
D) iii

Correct Answer:

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