When Spillover Effects Are Worked Out in _______,They Are Only

question 16

Multiple Choice

When spillover effects are worked out in _______,they are only likely to be significant if the program is __________ relative to the market

• A) Private institutions; large
• B) Private institutions; small
• C) Markets; small
• D) Markets; large

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Definitions:

Budgeting

The process of creating a plan to spend your money, outlining projected income versus expenses over a particular period.

Manufacturing Overhead Budget

A detailed plan showing the production costs, other than direct materials and direct labor, that will be incurred over a specified time period.

Direct Materials

Raw materials that can be directly traced to the manufacturing process of a product and are an integral part of the finished good.

Direct Labor

The cost of workers who can be easily identified with the manufacturing process of a product.