While Many People Criticize Budget Cuts to the Public Service,why

question 12

Multiple Choice

While many people criticize budget cuts to the public service,why might cuts,or the threat of cuts,be necessary?

• A) to keep public service employees in check
• B) to satisfy voters
• C) to serve the same function that market competition would in the private sphere
• D) to enforce hierarchical authority on deputy ministers

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Definitions:

Capital Budgeting

The method of assessing and choosing long-term investment opportunities that align with the company's objective of maximizing wealth.

Inventory

A company's merchandise, raw materials, and finished and unfinished products which have not yet been sold.

Analytical Techniques

A broad range of methods and tools used to evaluate and interpret data for decision-making and problem-solving purposes.

NPV

Net Present Value (NPV) is a financial metric used to evaluate the profitability of an investment or project, calculated by summing the present values of incoming and outgoing cash flows.