BUDGETING — The text describes two types of BUDGETING in laboratory financial management. What is the difference between INCREMENTAL BUDGET and ZERO-BASED BUDGET?
A. Incremental budget: starts from zero each year; zero-based: continues previous year's budget B. INCREMENTAL BUDGET: begins with ACTUAL EXPENSES INCURRED DURING CURRENT YEAR, corrected to reflect anticipated growth rate and economics of scale; ZERO-BASED BUDGET: builds each new year's budget FROM SCRATCH, revising assumptions used to prepare the current year's budget C. Both budgeting approaches are identical in their starting assumptions D. Incremental budget: only for capital expenditure; zero-based: only for operating expenses