Economics

Poll tax

personal income tax

Company tax

excise duties

low interest charges on loans

improvements in infrastructure

low foreign exchange rate

high standard of living

Traditional budgeting focuses on goals and objectives

Zero based budgeting produces a single level of appropriation for an activity

Traditional budgeting starts with last year’s funding appropriation

Zero based budgeting does not systematically consider alternatives to current operations

deductive reasoning

positive reasoning

normative reasoning

inductive reasoning

bank load

debenture

preferred stock

semi-fixed