Q19 Single choice Mark for later Which of the following is a key characteristic of a zero-based budget? A A zero-based budget provides estimates of costs that would be incurred under different levels of activity. B A zero-based budget maintains focus on the budgeting process. C A zero-based budget is prepared each year and requires each item of expenditure to be justified. D A zero-based budget uses input from lower-level and middle-level managers to formulate budget plans. Correct answer