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In Zero Based Budgeting, the previous year’s figures are not used as a base for preparing next year’s budgets. Budget figures are developed with zero as the base, which means that the budget will be prepared as if it is being prepared for a new company for the first time. It involves a planning and budgeting process which requires each manager to justify his entire budget request in detail from scratch (hence zero base). It is in contrast to Incremental Budgeting, where the next year’s budget is prepared keeping the previous year’s budget as the base.
How do you typically respond to failure or setbacks?
How important is it for you to have a sense of control?
How important is it to you to be acknowledged and complimented for your efforts?
How do you typically handle conflicts within your personal relationships?
How likely are you to forgive someone who has hurt you deeply, even if they do not apologize?
How important is it for you to have control over your environment?
How important is it for you to have a strong sense of identity or self-concept?
How often do you find yourself worrying about the future or things you cannot control?
Are you more of a logical or emotional person?
How do you deal with difficult people or situations?