Which of the Following Statements Best Characterizes the Government's Spending

question 83

Multiple Choice

Which of the following statements best characterizes the government's spending on federal contracts in recent years?

• A) The amount of spending on federal contracts has remained the same since 2000.
• B) The amount of spending on federal contracts has decreased steadily since 2000.
• C) The amount of spending on federal contracts has increased significantly overall since 2000, but for the first time in 13 years, spending on outside contractors declined in 2011.
• D) The amount spent on federal contracts declined between 2000 and 2005 but has dramatically increased since 2005.
• E) The amount spent on federal contracts increased between 2000 and 2005 but has dramatically decreased since 2005.

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Definitions:

Statement of Cash Flows

A financial report that shows the cash inflows and outflows for a business over a specific period, helping to assess its liquidity, solvency, and financial flexibility.

Top Down Plans

Planning approach that begins at the highest level of an organization and cascades down, where objectives, strategies, and plans are decided upon at the top and then implemented in successive layers below.

Bottom Up Planning

A planning approach that starts at the operational level, with each segment or department developing its own plans to contribute to the overall strategic goals of the organization.

Aggressive Optimism

A mindset or strategy characterized by a high degree of confidence and assertiveness in action or decision-making, often in the context of investments or business growth.