State and Local Governments Finance Expenditures Mainly from

question 53

Multiple Choice

State and local governments finance expenditures mainly from

• A) tax revenue.
• B) funds provided by the federal government.
• C) government bonds issued at the state level.
• D) private bank loans.
• E) lottery funds.

---

Definitions:

Bureaucratic

Describes an organizational structure that is characterized by strict procedures, formalities, and a clear hierarchy of authority.

Matrix

A hierarchical organizational structure that combines two or more lines of authority, such as product and geographical divisions, creating a grid or matrix of responsibilities.

Delegation

The process of assigning responsibility and authority to someone else in order to complete a clearly defined task while retaining accountability for the outcome.

Accountability

The requirement to show performance results to a supervisor.