Which of the following is a key characteristic of a zero-based budget?
A. A zero-based budget provides estimates of costs that would be incurred under different levels of activity.
B. A zero-based budget maintains focus on the budgeting process.
C. A zero-based budget is prepared each year and requires each item of expenditure to be justified.
D. A zero-based budget uses input from lower-level and middle-level managers to formulate budget plans.
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