A Possible Budget Reform Involves _____

question 121

Multiple Choice

A possible budget reform involves _____

• A) adopting a quadrennial budget.
• B) breaking down the budget into increasingly small budget lines.
• C) appointing agency heads with different priorities than those of elected representatives.
• D) simplifying the budget document by concentrating only on major groupings and eliminating line items.
• E) eliminating the operating budget.

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Definitions:

Contractual Arrangement

An agreement between parties that is enforced by law, specifying the duties and rights of each party.

Parent Company

A corporation that owns enough voting stock in another company to control management and operations by influencing or electing its board of directors.

Backward Integration

A business strategy where a company expands its role to fulfill tasks formerly completed by businesses up the supply chain.

Forward Integration

A business strategy where a company extends its operations by moving towards the direct control of its distribution or supply chain further down the production process.