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CIMAPRA17-BA2-1 Exam - Topic 1 Question 65 Discussion

Which of the following definitions best describes Zero based budgeting?
B) A method of budgeting whereby all activities are re-evaluated each time a budget is formulated and C) A method of budgeting where the sum of revenues and expenditures in each budget centre must equal zero
A) A method of budgeting where an attempt is made to make the expenditure under each cost heading as close to zero as possible
D) A method of budgeting whereby every item of expenditure does not have to be justified before its inclusion in the budget

CIMAPRA17-BA2-1 Exam - Topic 1 Question 65 Discussion

Actual exam question for CIMA's CIMAPRA17-BA2-1 exam
Question #: 65
Topic #: 1
[All CIMAPRA17-BA2-1 Questions]

Which of the following definitions best describes Zero based budgeting?

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Suggested Answer: B, C, F

https://www.acowtancy.com/textbook/acca-ma/d2-budget-preparation/master-budgets/notes

by Jeanice at Mar 08, 2024, 08:55 PM

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Derick
9 months ago
Totally agree with B, it's all about starting from scratch each time!
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Avery
10 months ago
Wait, so you're telling me every item doesn't need justification? Really?
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Kattie
10 months ago
C sounds interesting, but isn't that just balancing the budget?
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Kris
10 months ago
I thought it was A at first, but B makes more sense.
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Tammara
10 months ago
It's definitely B, re-evaluating activities is key!
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Goldie
10 months ago
I’m confused between B and D. I know B talks about re-evaluating activities, but D sounds like it could fit too.
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Sherron
11 months ago
I’m not entirely sure, but I feel like A is about minimizing costs rather than the core principle of Zero Based Budgeting.
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Evette
11 months ago
I remember practicing a question similar to this, and I think it emphasized the need to evaluate all activities each time. So, B seems right to me.
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Portia
11 months ago
I think Zero Based Budgeting is about justifying every expense from scratch, so I’m leaning towards option B.
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Ettie
11 months ago
I'm a little confused by the wording of these options. I'll need to re-read them a few times to make sure I understand the differences before selecting an answer.
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Rosina
11 months ago
This is a good one. I remember discussing zero-based budgeting in class - it's where you justify every expense, rather than just carrying over the previous budget. I'm confident option B is the correct answer.
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Levi
11 months ago
Okay, let me see. Zero-based budgeting means starting from scratch each time, right? I think that's option B, but I'll double-check the definitions just to be sure.
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Yuki
11 months ago
Hmm, I'm a bit unsure about the differences between the options here. I'll have to think this through carefully to make sure I select the right one.
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Bobbye
11 months ago
This looks like a straightforward question on budgeting methods. I think I know the definition of zero-based budgeting, so I'll go with that.
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Catalina
11 months ago
Okay, let me think this through. Since we need to update the fwkern.conf file on all Appliances, I'm guessing the command will involve something like "g_update_conf_file" or "g_all update_conf_file". I'll have to double-check the syntax, but I think I've got a good strategy here.
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Nicolette
11 months ago
Okay, the "sphere of experience" must be talking about how the sender and receiver's backgrounds and perspectives impact the communication process. I'm pretty confident that option C is the right answer here.
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Cora
11 months ago
Hmm, diluting the pollutants by flushing with clean water seems like it might just be masking the problem rather than actually fixing it. I'll have to rule that one out.
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Cherry
1 year ago
Hah, zero-based budgeting? More like zero-patience-left budgeting, am I right? Gotta justify every penny these days.
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Kenneth
1 year ago
C) A method of budgeting where the sum of revenues and expenditures in each budget centre must equal zero
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Susana
1 year ago
B) A method of budgeting whereby all activities are re-evaluated each time a budget is formulated
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Sheridan
1 year ago
A) A method of budgeting where an attempt is made to make the expenditure under each cost heading as close to zero as possible
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Reena
1 year ago
Oh, this is easy! Option B is the winner. Zero-based budgeting is like a clean slate - no assumptions, just a fresh start every time.
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German
1 year ago
User 3: I agree with German, option B is the way to go with zero-based budgeting.
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Azalee
1 year ago
User 2: I disagree, I believe option B is the correct one. It's about re-evaluating everything each time.
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Teddy
1 year ago
User 1: I think option A is the best definition. It's all about minimizing costs.
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Walker
1 year ago
Definitely Option B. Zero-based budgeting is all about justifying every expense, not just trying to get costs down to zero.
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Jame
1 year ago
I'm not sure about this one. Option A sounds like it could be correct, but it's a bit vague. I'll have to think about this more.
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Lemuel
1 year ago
Option B seems to be the most accurate description of zero-based budgeting. It's all about re-evaluating everything from scratch each budget cycle, not just trying to minimize costs.
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Jacquelyne
1 year ago
True, but option B emphasizes the re-evaluation aspect more.
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Stephane
1 year ago
But doesn't option A also make sense? Trying to minimize costs to zero?
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Francoise
1 year ago
I agree, zero-based budgeting involves re-evaluating all activities each time.
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Merilyn
1 year ago
I think option B is the best choice.
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Eladia
1 year ago
But doesn't Zero based budgeting focus on justifying every item of expenditure, like in option D?
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Taryn
1 year ago
I disagree, I believe it's B) A method of budgeting whereby all activities are re-evaluated each time a budget is formulated.
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Eladia
1 year ago
I think the best definition is A) A method of budgeting where an attempt is made to make the expenditure under each cost heading as close to zero as possible.
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