The Objective of the Prospective Phase of the Budgeting Process

question 8

Multiple Choice

The objective of the prospective phase of the budgeting process is to

• A) Estimate revenue and expenses for the upcoming fiscal year or quantify the amount of resources that should be consumed
• B) Estimate revenue and expenses for the upcoming fiscal year or control resources as they are consumed
• C) Facilitate and control processes or control resources as they are consumed
• D) Facilitate and control processes or examine the resources that were consumed
• E) Evaluate processes or examine the resources that were consumed

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Definitions:

Federal Government

A system of government where powers and responsibilities are divided between a national government and smaller administrative regions.

Constitution

The system of fundamental laws and principles that outlines the structure and powers of a government and the rights of its people, serving as the supreme legal authority.

Representative Democracy

A form of government where citizens elect officials to represent them in legislative and policy-making responsibilities.

Popular Sovereignty

The concept that the legitimacy and rule of a government is grounded in and maintained by the agreement of the population, through representatives they elect.