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Glossary

The glossary in this Portal provides definitions of core terms closely related to the medium-term expenditure framework; and links to other online glossaries.

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Word

Definition

Zero-based budgeting (ZBB)

A budget approach in which responsibility centers start with zero in preparing their budget requests and must justify the contributions of each of their activities to organizational goals.
 

Zero-defects

A quality mentality that the total quality control approach attempts to achieve in which the work force strives to make a product or service conform exactly to desired standards.