Program Budgeting Seeks to Group Agencies with Similar Purposes for Budgeting

question 37

True/False

Program budgeting seeks to group agencies with similar purposes for budgeting, independent of the government department to which they belong.

---

Definitions:

Issue Securities

The process by which corporations, governments, or other entities raise money by issuing stocks, bonds, or other financial instruments to investors.

Stock Prices

The current price at which a share of a company is traded on the stock market.

Company's Profits

The financial gain generated by a business, determined by subtracting total expenses from total revenue.

Market Interest Rates

The prevailing rates at which borrowers and lenders interact in the open market, influencing the cost of loans and the yield on savings.