Categorical Grants, Block Grants, and Other Kinds of Intergovernmental Financial

question 30

Multiple Choice

Categorical grants, block grants, and other kinds of intergovernmental financial transfers are most indicative of which set of systemic arrangements?

• A) direct democracy
• B) representative democracy
• C) dual federalism
• D) cooperative federalism
• E) separation of powers

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Definitions:

Standard Cost System

An accounting system that uses predetermined costs for products or services to compare against actual costs for performance evaluation.

Actual Results

The real outcomes or final figures that have been achieved by a business after a specific period, which can be compared against forecasts or budgets.

Materials Quantity Variance

An analysis used to assess the discrepancy between the expected amount of materials and the actual amount used, based on standard costs, providing insight into manufacturing efficiency.

Quantity Standard

The expected or established amount of materials, labor, or overhead that should be used for a unit of production or a specific task.