The Government of Ricardia's Budget Lists the Following Projected Revenues

question 97

Multiple Choice

The government of Ricardia's budget lists the following projected revenues and outlays: $25 million in personal income taxes, $15 million in corporate income taxes, $5 million in indirect taxes, $2 million in investment income, $30 million in transfer payments, $12 million in government expenditure, and $8 million in debt interest. Ricardia has a government budget

• A)surplus of $3 million.
• B)surplus of $57 million.
• C)surplus of $13 million.
• D)deficit of $13 million.
• E)deficit of $3 million.

---

Definitions:

Function Based Divisions

Organizational structuring where a company is divided into departments based on functions such as marketing, finance, or production.

Firm

A business organization, such as a corporation, partnership, or sole proprietorship, that sells goods or services to make a profit.

M-Form Organization

A multi-divisional organizational structure, characterized by a set of autonomous divisions organized under a centralized corporate headquarters.

Divisions Coordination

The process of ensuring various departments or units within an organization work together efficiently towards common goals.