The Office of Management and Budget Does Which of the Following

question 155

Multiple Choice

The Office of Management and Budget does which of the following?

• A)It helps the president develop a budget proposal and oversees federal spending.
• B)It hires private contractors for all other executive agencies.
• C)It coordinates with governors who share the president's party to ensure fiscally healthy state governments.
• D)It enforces the constitutional mandate for a balanced federal budget.

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Definitions:

Company

An legal entity formed by a group of individuals to engage in and operate a business—commercial or industrial—enterprise.

Restrictive Covenants

Restrictive covenants are clauses in contracts that impose restrictions on actions that parties to the contract can take, often used in employment agreements and real estate transactions to protect business interests.

Bond Rating

An assessment of the credit quality of a bond, generally given by a rating agency.

Specific Assets

Assets that are designated for a particular use or are unique to a business's operation.