Define and evaluate the process of zero-base budgeting.

The new chief executive of the hotel has asked you to provide details of the zero-base budgeting technique with a view to implementing this type of budgeting approach in the future.
You are required to prepare a report for the board of directors that:
(a) Defines and evaluates the process of zero-base budgeting
(b) Assesses the advantages zero-base budgeting has over traditional based
(c) How the organisation might introduce such a technique in practical terms

 

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