The Budget Authority Is Generally a "Ceiling" Provided by Law

question 241

Multiple Choice

The budget authority is generally a "ceiling" provided by law for obligations and expenditures. Some common forms of budget authority include all of the following EXCEPT:

• A) Appropriation - this is the most common form of budget authority, which permits agencies to incur obligations and expend funds.
• B) Legal restrictions on an organization
• C) Public debt authority - funds derived from the sale public debt securities of the federal government.
• D) Contract authority - statutory authority under which obligations may be entered into prior to receiving an appropriation.

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Definitions:

Phenotype

Characteristic observed in an individual due to the expression of his or her genotype.

Progeria

Severe retardation of growth after the first year accompanied by a senile appearance and death at an early age.

Parturition

The process of childbirth or the act of giving birth.

Physiological Changes

Modifications or adjustments in the functions or activities of the body as a response to various stimuli or environmental conditions.