Zero-Based Budgeting: Definition, Advantages, Disadvantages & Examples

Instructions:

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question 1 of 3

What is zero-based budgeting?

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1. Why would a company implement zero-based budgeting?

2. Which is NOT an advantage of zero-based budgeting?

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About This Quiz & Worksheet

This quiz and worksheet can help assess your knowledge of the zero-based budgeting method. In order to pass the quiz, you will need to know the benefits, disadvantages, and process of this method.

Quiz & Worksheet Goals

This quiz and worksheet can help you assess your knowledge of:

  • The definition of zero-based budgeting
  • The process of zero-based budgeting
  • Disadvantages of zero-based budgeting
  • Advantages of zero-based budgeting

Skills Practiced

This quiz and worksheet can help you practice the following skills:

  • Information recall - access the knowledge you have gained regarding the process of zero-based budgeting
  • Reading comprehension - ensure that you draw the most important information from the related lesson on zero-based budgeting
  • Knowledge application - use your knowledge to answer questions about the pros and cons of zero-based budgeting

Additional Learning

To learn more about zero-based budgeting, review the lesson titled Zero-Based Budgeting: Definition, Advantages, Disadvantages & Examples. This lesson will help you:

  • Review the zero-based budgeting process
  • Understand why a business would want to use zero-based budgeting
  • Explain the pros and cons of zero-based budgeting
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