Of the Following, the Largest Single Component of U

question 140

Multiple Choice

Of the following, the largest single component of U.S.federal government expenditures is spent on

• A) interest paid on the national debt.
• B) Social Security benefits.
• C) national defense.
• D) purchases of goods and services for purposes other than national defense.
• E) transfers to state and local governments.

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Definitions:

Activity Variance

The difference between what was expected to be expended in terms of activities and what was actually expended. It is a tool for analyzing the efficiency and performance of business operations.

Wages And Salaries

Refers to the remuneration paid to employees for their services, where wages are generally based on hours worked, and salaries are a fixed amount paid out regularly.

Tenant-Days

A measure used in real estate or hospitality to indicate the total number of days rented by all tenants over a given period.

Activity Variance

The difference between the actual and budgeted amount of activity, often used in variance analysis to identify and manage deviations in performance.