______________ Standards Allow Inefficiencies from Prior Years to Be Incorporated

question 10

Multiple Choice

______________ standards allow inefficiencies from prior years to be incorporated into the budget, thus providing little incentive for improvement.

• A) Ideal
• B) Engineered
• C) Attainable
• D)Past experience

---

Definitions:

Checking Accounts

Bank accounts that allow for both deposits and withdrawals, enabling easy access for daily transactions.

Government Bond

A debt security issued by a government to support government spending and obligations, offering a fixed rate of interest over a period of time.

Reserves

Funds or commodities set aside for future use or held as a buffer against unforeseen shortages or financial emergencies.

Discount Rate

The interest rate charged by central banks on loans to commercial banks, influencing monetary policy and liquidity.