A Budget Standard Specifies The

question 1

Multiple Choice

A budget standard specifies the:

• A) number of inputs used per output during the expenditure base.
• B) cost of inputs consumed during the expenditure base.
• C) cost of inputs expected during the budget year.
• D) per-output profit expected during the budget year.

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Definitions:

Unitary

Relating to a system of government where the central government holds supreme power, with any regional governments existing solely to execute the central government's directives.

Totalitarian

A system of government where the state recognizes no limits to its authority and strives to regulate every aspect of public and private life wherever feasible.

Federal Republic

A form of government composed of a union of states or regions under a central (federal) government, with powers divided between the central government and its constituent parts.

Tenth Amendment

An amendment to the United States Constitution that emphasizes the federal system of government by stating that powers not delegated to the federal government nor prohibited to the states, are reserved to the states or to the people.