Which of the Following Is True of the Federal Budget

question 35

Multiple Choice

Which of the following is true of the federal budget process in the U.S.?

• A)Congress must approve a budget with at least a two-thirds majority vote.
• B)The federal budget must be balanced each year because the volume of international trade reduces if the government has a surplus or a deficit.
• C)Most federal outlays are determined by existing laws.
• D)Congress approves a budget that separates the capital budget and the operating budget.
• E)Detailed budgeting allows the party in power to reward supporters.

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Definitions:

Buying Center

A group of individuals within an organization who participate in the decision-making process for purchasing products or services.

Sales Representative

A professional tasked with selling and promoting a company's products or services, often acting as the liaison between the company and its customers.

Gatekeeper

An individual or entity that controls access to something, such as information, resources, or market entry, often influencing the flow and direction of activities.

Health Insurance

A type of insurance coverage that pays for medical and surgical expenses incurred by the insured.