Simplifying the Budget Document by Concentrating Only on Major Groupings

question 132

Multiple Choice

Simplifying the budget document by concentrating only on major groupings and eliminating line items would:

• A)ensure that cabinet members spend more time on administering an approved budget and defending a proposed budget.
• B)require longer-term economic forecasts that are difficult to obtain.
• C)prevent elected officials from including projects they prefer for their personal gains in the budget.
• D)increase the flexibility of the discretionary fiscal policy implemented by the federal government.
• E)require shorter-term economic forecasts that are easy to obtain.

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Definitions:

Annual Payment

A payment made once a year, often related to loans, insurance policies, or subscription services.

Investment

The allocation of resources, usually capital, in the expectation of generating an income, profit, or capital appreciation.

Interest Rate

The share of a loan subjected to interest charges for the borrower, often expressed as an annual percentage of the total loan that is yet to be paid.

Annual Payment

A payment made once a year, often in the context of loans, leases, or insurance policies.