Performance Budgets

question 5

Multiple Choice

Performance budgets:

• A) link performance objectives to requests for funds.
• B) do not focus on measurable activities.
• C) classify the budget by goals or objectives
• D) None of the above.
• e.g., Protection of Persons and Property, Safe and Speedy Transportation).

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Definitions:

Optimum

The most favorable condition or highest achievable level of efficiency under the given circumstances.

Indifference Curves

Graphical representations in economics that show combinations of goods among which a consumer is indifferent.

Upward-sloping

A term used in economics to describe a curve that represents an increase in one variable as another variable increases, often used in the context of supply curves.

Preferences

Individual choices or tastes regarding various bundles of goods and services.