Question

According to your text, one of the most widely used budgeting approaches is:

a) Zero-based budgeting
b) Incremental budgeting
c) Activity-based budgeting
d) Cash budgeting

Answer 1

Incremental budgeting is one of the most widely used budgeting approaches.

Step-by-step explanation:

One of the most widely used budgeting approaches is incremental budgeting. Incremental budgeting involves making small adjustments to the previous budget to account for changes in the upcoming period. It is based on the assumption that last year's budget is a good starting point for the current budget.