Red Tape Is Associated with Which of the Following

question 28

Multiple Choice

Red tape is associated with which of the following?

• A) a special language that appropriators use in the budget process
• B) excessive rules that cause inefficiencies in government action
• C) an obsolete term for government spending
• D) the process for awarding government contracts

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Definitions:

Promptness

The quality of acting quickly or within an expected timeframe.

Variable Overhead Rate

A metric that represents the variable costs incurred to operate a business, changing with the level of production or activity.

Fixed Overhead Rate

A set rate used to allocate fixed indirect costs of production to individual units or activity bases.

Total Overhead Variance

The difference between the actual overhead costs incurred and the standard overhead costs allocated for a particular period, used for budgeting and cost control purposes.