Typically, Budgetary Authority That Is Not Obligated by a Federal

question 21

True/False

Typically, budgetary authority that is not obligated by a federal agency before the end of the fiscal year rolls over and is available for the following fiscal year.

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Definitions:

Good

A tangible product that satisfies human wants or needs and can be transferred or traded.

Sellers

Sellers refer to individuals or entities that offer goods or services for sale to consumers or other businesses in the market.

Buyers

Participants in the market who purchase goods or services for consumption or investment.

Tax

A required payment to a governmental authority, derived from income, property, sales, and other sources, used to fund public services and obligations.