Federal Funding to State or Local Governments with Little or No

question 14

Multiple Choice

Federal funding to state or local governments with little or no restriction on its use is known as

• A)Unfunded Mandates
• B)Block Grants
• C)General Revenue Sharing
• D)Categorical Grants

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Definitions:

Budgeted Sales

The forecasted sales revenue a company expects to generate in a future period, based on market analysis, historical data, and sales targets.

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period of time, helping an organization to manage its cash balance.

Office Salaries Expense

An account that records the total salary expenses for office employees over a certain period.

Travel Expense

Costs associated with traveling for the purpose of conducting business, including transportation, lodging, and meals, which are often reimbursable by an employer.