Zero Base budget system was developed by :
MH SET - 2018, SET Exam - 2018,
Answer: A
Zero-base budgeting was developed by Peter A. Pyhrr.
Pyhrr devised it at Texas Instruments around 1969 and described it in the Harvard Business Review in 1970. In zero-base budgeting every activity has to be justified afresh each budget period, from zero, instead of the previous year's allocation being taken as the base and adjusted. It later spread to government and to libraries as a way of questioning continuing expenditure.
F.W. Taylor is the founder of scientific management and Henry Fayol of administrative management theory; neither devised a budgeting system. R.D. Stuart is not credited with the technique in the management literature, which attributes it to Pyhrr alone.
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