The budget procedure that requires managers to estimate sales, production, and other operating data as though operations were being started for the first time is called zero-based budgeting.

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Chanese Delancy · Accepted Answer

Final Answer : True, Explanation :  Zero-based budgeting is a method where all expenses must be justified for each new period, starting from a zero base, as if the operations were being initiated for the first time, without reference to prior years' budgets or spending.

The budget procedure that requires managers to estimate sales, production, and other operating data as though operations were being started for the first time is called zero-based budgeting.

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