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Management Finance - Part 1

A major weakness of purely incremental budgeting is that:

Type: MCQ • Marks: 1
A major weakness of purely incremental budgeting is that:
Options
A. It prevents any comparison with past expenditure
B. It makes budget preparation impossible
C. It requires complete re-evaluation every year
D. It may institutionalise inefficient historical allocations
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UPSC Principal & Vice Principal Management Finance Administration

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