A Possible Budget Reform Involves

question 152

Multiple Choice

A possible budget reform involves:

• A)a quadrennial budget.
• B)breaking down the budget into increasingly small budget lines.
• C)appointing agency heads with different priorities than those of elected representatives.
• D)to simplify the budget document by concentrating only on major groupings and eliminating line items.
• E)to eliminate the operating budget.

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Definitions:

Capital Contributions

The funds or assets contributed to a company by its owners or shareholders to increase equity.

Beginning Capital Balance

The total funds noted in a corporation's books at the beginning of a fiscal period.

Personal Use

The application or employment of something for the benefit or enjoyment of an individual, often distinct from business or commercial usage.

Income Distribution

The way in which a country's total GDP is spread among its population, affecting economic inequality.