Calvin is a CFO at​ Counting, Inc. At the beginning of each fiscal​ year, the departments in his company start off with nothing in their budget. Before Calvin can approve​ spending, each department must present a report that details how the requested funds will be used toward the​ company's strategic goals. This method is called​ _____________.

Calvin is a CFO at​ Counting, Inc. At the beginning of each fiscal​ year, the departments in his company start off with nothing in their budget. Before Calvin can approve​ spending, each department must present a report that details how the requested funds will be used toward the​ company's strategic goals. This method is called​ _____________.

Calvin is a CFO at​ Counting, Inc. At the beginning of each fiscal​ year, the departments in his company start off with nothing in their budget. Before Calvin can approve​ spending, each department must present a report that details how the requested funds will be used toward the​ company's strategic goals. This method is called​ _____________.



A. leverage

B. short-term financing

C. zero-based budgeting

D. hedging

E. debt financing



Answer: C. zero-based budgeting


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