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    Question

    Which country pioneered the use of zero-based

    budgeting?
    A U.S.A. Correct Answer Incorrect Answer
    B Germany Correct Answer Incorrect Answer
    C India Correct Answer Incorrect Answer
    D France Correct Answer Incorrect Answer

    Solution

    Zero-based budgeting was first adopted in the U.S.A in the 1970s by Peter Phyrr, an account manager at Texas Instruments. This budgeting method involves building a budget from the ground up, justifying every expense, rather than only adjusting past budgets.

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