Budgeting by State and Local Governments Is an Attempt to Deal

question 32

Multiple Choice

Budgeting by state and local governments is an attempt to deal with

• A)corruption.
• B)bad judgment.
• C)loans.
• D)who gets what from government at whose expense.

---

Definitions:

Shares of the Business

Equity units of a corporation that represent ownership interest held by shareholders, giving them a claim on the company's profits in the form of dividends.

Stock

A type of financial security that signifies ownership in a corporation and represents a claim on part of the corporation's assets and earnings.