Which of the following statement is incorrect about zero-based budgeting? Question 1 options: Zero-based budgeting gained popularity early in the pandemic. Finance chiefs are using zero-based budgeting amid the pressure of high inflation and uncertain outlook. Zero-based budgeting requires finance executives to question and justify each line item in every new budget period. Zero-based budgeting is used by financial chiefs to bring down in areas including operations, real estate, logistics, sales and marketing. Zero-based budgeting adjusts the previous year's spending, taking into account economic forecasts and other factors.

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