Which of the Following Statements Is True of Budgets

question 72

Multiple Choice

Which of the following statements is true of budgets?

• A)In 15 states, the budget is prepared biennially but the governor proposes changes in the second year.
• B)Only two states-New Jersey and New York-have true biennial budgets.
• C)Governors seldom use their annual State of the State Address to present the budget recommendations.
• D)The final budget document is presented to the general public for adoption as an appropriations measure.
• E)State monies can be spent without legislative appropriations.

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Definitions:

Personal Property

Movable assets owned by an individual, as opposed to real property like land or buildings.

Intangible

Something that cannot be touched or physically measured, often referring to assets such as intellectual property or goodwill.

Real Property

Land and anything permanently attached to it, such as buildings and fixtures, legally considered immovable.

Tenancy By The Entirety

A form of joint property ownership reserved for married couples, where each spouse has an undivided interest in the property, providing rights of survivorship.