Part of the American Recovery and Reinvestment Act Allocated $3

question 278

Essay

Part of the American Recovery and Reinvestment Act allocated $3.8 million in stimulus funds to build an artwork project in Rochester, NY. Funds were included for building decorative sidewalks, art in the sidewalks, interactive plazas with private art, and other amenities. Was this an efficient use of government funds? (Be sure to explain what an efficient use of funds would entail!) Why did more people not oppose funding this project?

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Definitions:

Parent Entity

A company that has control, directly or indirectly, over other companies or subsidiaries.

Control

The ability to control the economic and functional strategies of an organization in order to gain advantages from its operations.

Financial Policies

Guidelines, rules, and procedures created by a company to govern its actions in the financial market, including investment, allocation, spending, and financing activities.

Operating Policies

Guidelines and protocols established by a company to govern its day-to-day operational activities and decisions.