Needs-Tested Spending Is Best Described as

question 81

Multiple Choice

Needs-tested spending is best described as

• A)spending on programs that entitle qualified persons and businesses to receive benefits.
• B)spending on programs that are considered necessities (needed)according to surveys of the public.
• C)spending on programs that have proven over time to be sound investments.
• D)spending on programs that have been tested in some manner.
• E)not spending at all but a reference to the reliability of budget.

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Definitions:

Budgeting

The process of creating a plan to allocate resources, forecast revenues, and predict expenses over a future period.

Activity Variance

A measure of the difference between planned or budgeted activity levels and actual activity levels.

Personnel Expenses

Costs related to the compensation and benefits of a company's employees.

Budgeting

A process of creating a plan to spend your money, allowing you to determine in advance whether you will have enough money to do the things you need or want to do.