The "Dual Budgeting" System in Texas Means That Both

question 24

Multiple Choice

The "dual budgeting" system in Texas means that both

• A) revenues and expenditures are equal.
• B) the house and senate must pass the budget.
• C) the comptroller and treasurer authorize spending.
• D) the governor and the legislature draw up budget proposals.

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Definitions:

Company Profit

The financial surplus generated by a company after all operating expenses, including production costs, taxes, and overheads, have been deducted from total revenue.

Fare

A price paid for transportation.

Trade-ins

A sales transaction where a customer exchanges an old item as partial payment for a new one, common in the automotive and electronics industries.

Allowances

Sums of money given regularly for a specific purpose, often by parents to their children, or allocations in budgeting and financial planning.