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:

Total Assets

The sum of all assets owned by an individual or organization, including both current and fixed assets.

Liabilities

Economic obligations of the company, such as money owed to lenders, suppliers, and employees.

Days Sales Outstanding (DSO)

A financial measure that indicates the average number of days it takes a company to collect payment after a sale has been made.

Goodwill

An intangible asset that arises when a business is acquired for more than the fair value of its net identifiable assets, often attributed to brand reputation, customer relationships, and intellectual property.