When Liabilities Authorized by an Appropriation Have Been Incurred,the Appropriation

question 116

Multiple Choice

When liabilities authorized by an appropriation have been incurred,the appropriation is said to be…

• A) Expensed
• B) Encumbered
• C) Expired
• D) Expended

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Definitions:

Minimizes Cost

The process or approach aimed at reducing expenses and spending to the lowest possible level.

Central Hub

Central hub refers to a focal point or a core center where activities, processes, or networks converge, often used to optimize distribution or communication.

Travel Time

The duration required to move goods or personnel from one location to another.

Destinations

Locations or places toward which something or someone is going.