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List of Terminology Index – Z
Zero – Based Budgeting : It is a system of Budgeting which involves a fresh evaluation of every item of expenditure. It seeks to undertake comprehensive analysis of every scheme, project or program, whether old or new, in its, entirety.
It is presumed as if zero expenditure has been made even on an old ongoing project at the time of review and insists on providing fresh justification for the project as a whole in the light of social priorities.
Zionism : The world movement of Jews. It was started towards the end of the nineteenth century with the aim of finding a home state for the Jews in the world.
It culminated in the establishment of Israel in 1958.