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Zero Based Budget Defined

is where the expenses or costs of the prior year are not taken into consideration when establishing expense or budgetary levels looking forward. Each expense category starts from zero. All expenses or cost levels within the budget must be justified or re-justified as being necessary; thus “zero-base”.

This definition is in context to Accounting. See more contextual defintions for Zero Based Budget.


Message of ChargĂ© d"™affaires, a.i. marking the 233 rd Independence Day of the United States of America

Published July 3, 2009, 12:39 pm, Daily News

Today marks the 233 rd anniversary celebrating the signing of America’s Declaration of Independence. America’s Founding Fathers knew that achieving independence would require winning a difficult war that risked bringing ruin on their fortunes, friends, and families if they did not succeed.

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Coda Octopus Reports Q2/Six Months Results

Published July 2, 2009, 1:33 pm, Marketwire

NEW YORK, NY--(Marketwire - July 2, 2009) - Coda Octopus Group, Inc. ( OTCBB : CDOC ), a world leader in underwater port security and marine survey technology, today reported results for the second fiscal quarter and six months ending April 30, 2009. For the second fiscal quarter ended April 30, 2009, Coda Octopus Group, Inc. reported revenues of $4.3 million, compared to $5.1 million for the ...

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GCC expenditure plans to remain relatively intact

Published July 2, 2009, 12:21 am, Zawya

02 July 2009 Expenditure plans in the construction and infrastructure sectors will remain relatively intact in the GCC as governments are committed to mitigate the slowdown and boost their economies through strategic infrastructure developments.

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What the Russian papers say

Published July 1, 2009, 9:26 am, Russian Information Agency Novosti

The Global Zero scenario that presidents Dmitry Medvedev and Barack Obama are being urged towards is nothing new, writes Vyacheslav Nikonov, president of the Polity Foundation.

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Small Businesses Struggle to Remain Competitive in the Recession: Financial Advisors Offer Tips for Controlling Costs

Published June 30, 2009, 12:01 am, PRWeb via Yahoo! News

From corporate board rooms to the kitchen table, Americans are at work cutting the fat from over-extended budgets. This switch into survival mode is equally imperative in the small business arena where tight credit and the nation's newly adopted frugality have combined to create unprecedented financial challenges.

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Tightening credit squeezes small-business owners

Published June 28, 2009, 7:53 pm, Chicago Tribune

Firms are paying higher rates, having trouble opening lines or losing existing ones For small-business owners who rely on business credit cards, the recessionary landscape looks extra bleak these days.

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