In Budgeting Revenues,state and Local Government Administrators Should

question 48

Multiple Choice

In budgeting revenues,state and local government administrators should:

• A) Be cautious not to utilize unauthorized sources or exceed authorized ceilings on revenues from specific sources.
• B) Ensure that at least the amount of revenues needed to meet spending needs are raised, even if authorized ceilings on some revenue sources must be exceeded.
• C) Utilize all authorized revenues sources at the maximum amount allowed by law.
• D) Ignore "other financing sources" since these resource inflows are not available for appropriation.

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Definitions:

Product Innovations

Involve the use of new or improved design principles or technologies for incorporation in products or services.

Creativity

Creativity involves the generation of new and original ideas, approaches, or solutions through imaginative thinking and problem-solving skills.

Innovative Organisations

Organizations that excel in creating new products, services, or processes and are adept at embracing change to meet or anticipate market demands.

Creativity

The ability to generate original ideas, solutions, or approaches, often leading to innovation.