Laboratories use various budgeting methods to arrive at their operational expenses.
|INCREMENTAL||Increment/deduct previous budget by a factor for the upcoming financial year.|
|ZERO-BASED||This method involves preparing everything from the beginning.|
|TOP-DOWN||The budget is fixed and laboratory managers are required to identify activities within the allocated budget.|
|BOTTOM-UP||The individual departments identify the budget needs and it gets added upwards till the top|
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