What Is the Term for the Most Significant of Early

question 18

Multiple Choice

What is the term for the most significant of early public budget reforms, where a governor or mayor would be responsible for preparing a proposed budget document and include all of the operating agencies of the jurisdiction?

• A) Executive budget
• B) Program budgeting
• C) Short ballot
• D) Administrative management

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Definitions:

Gross Profit

The difference between sales and the cost of goods sold, representing the profit from trading activities before deduction of overheads and other selling expenses.

First Quarter

This term refers to the first three months of a financial year; specifically, January, February, and March, used in fiscal and calendar year reporting.

Service Provider

A company or organization that offers services to others, such as telecommunications, utilities, or healthcare.

Finished Goods Ledger

The subsidiary ledger that contains the individual accounts for each kind of commodity or product produced.