A(n) ________ Budget Allocates Resources on the Basis of a Single

question 25

Multiple Choice

A(n) ________ budget allocates resources on the basis of a single estimate of costs.

• A) unitary
• B) zero-based
• C) cash
• D) incremental
• E) fixed

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Definitions:

Rawlsian Justice

A theory of distributional justice that concludes that the social contract emerging from the “original position” would call for an income distribution that would maximize the well-being of the worst-off member of society.

Risk Averse

A preference for avoiding loss over making a gain.

Marginal Utility

The extra pleasure or benefit gained from using one more unit of a product or service.

Utilitarian Justice

A principle focusing on the greatest happiness or benefit for the greatest number of people as the measure of what is just.