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Definition of


Accounting abbr

budgeting method requiring costs to be justified zero-based budgeting: a method of budgeting that requires each cost element to be specifically justified, as though the activities to which the budget relates were being undertaken for the first time. Without approval, the budget allowance is zero.

Definitions of ’ZBB’ and meaning of ’ZBB’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’ZBB’ and other financial terms with our online QFINANCE Financial Dictionary.

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