Information regarding many approaches to budgeting can be found online. The following activity investigates the merits of
Question:
Information regarding many approaches to budgeting can be found online. The following activity investigates the merits of “zero-based” budgeting, as discussed by Michael LaFaive, Director of Fiscal Policy of the Mackinac Center for Public Policy.
Instructions
Read the article at the Mackinac website and then answer the following questions.
a. How does zero-based budgeting differ from standard budgeting procedures?
b. What are some potential advantages of zero-based budgeting?
c. What are some potential disadvantages of zero-based budgeting?
d. How often do departments in Oklahoma undergo zero-based budgeting?
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