When a Budget Is Not Approved in Time,_____

question 61

Multiple Choice

When a budget is not approved in time,_____.

• A)agencies operate on the basis of continuing resolutions
• B)agencies operate on the basis of a budget resolution developed by budget committees
• C)agencies tend to shuts down
• D)the President can force Congress to act
• E)agencies borrow from the Federal Reserve

---

Definitions:

Portfolio Analysis

The process of reviewing or assessing the elements of a group of investments, assets, or products to make decisions based on performance and risk.

Strategic Goods

Products, services, or materials that are crucial to a company’s business strategy or to national security, often subject to trade controls.

Value Engineering (VE)

A systematic method to improve the "value" of goods or products and services by using an examination of function. Value, in this context, can be defined as the ratio of function to cost.

Value Analysis (VA)

is a method to improve product value by examining its function, design, and the cost of components, aiming for cost reduction while maintaining quality.