The Special Funding Procedure for One-Time, Nonrecurring Expenditures, Such as Purchasing

question 52

Multiple Choice

The special funding procedure for one-time, nonrecurring expenditures, such as purchasing university buildings, rapid transit systems, and bridges, is termed

• A)an incremental budget.
• B)a capital budget.
• C)a line item budget.
• D)a performance budget.

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Definitions:

Prospectus

An official document that companies issue to potential investors, detailing the financial security they are offering.

Securities And Exchange Commission

The U.S. government agency responsible for regulating the securities markets and protecting investors.

Accredited Investor

A private investor who is allowed to accept private securities offerings under certain specific guidelines the SEC sets.

Private Securities Offerings

The sale of securities to a relatively small number of select investors as a way of raising capital, without the need to register with the Securities and Exchange Commission.