Identify an advantage of zero-based budgeting (ZBB).
What will be an ideal response?
Advantages include the following: ZBB focuses on cost-effectiveness in justifying the ranking of decision packages; the involvement of managers at relatively low levels of the organization in the consideration of its goals and priorities; and allocation of resources considered in package terms.
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If a state legislature wants to submit a proposed law or constitutional amendment to the voters for their approval, they would use which of the following procedures?
a. initiatives b. referenda c. objectives d. memoranda
As the "lender of last resort" for the Global South, the International Monetary Fund (IMF) usually
a. insists on effective public health programs. b. encourages production of food crops. c. keeps corruption at a low level. d. requires reinvestment within LDCs rather than exports for profit. e. insists on structural adjustment policies.