Question: 1. Discuss the term Zero based budgeting, clearly stating where it can be applied (8 Marks) 2. List down any four (4) benefits and drawbacks

1. Discuss the term Zero based budgeting, clearly stating where it can be applied (8 Marks)

2. List down any four (4) benefits and drawbacks of Zero based budgeting (8 Marks)

3. What are budgetary slacks? Explain how they can they can be a hazard in budget preparation (4 Marks)

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