The Most Useful Budget Figures Are Developed

question 52

Multiple Choice

The most useful budget figures are developed:

• A) From the "top-down".
• B) From the "bottom-up" following a participatory process.
• C) Solely by the budget committee.
• D) By the CEO.
• E) After the accounting period has begun.

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Definitions:

Economic Rents

Payments to a factor of production in excess of the cost needed to bring that factor into production.

Land Ownership

The legal right to possess, use, and control land.

Single-Tax Movement

A political and economic ideology that proposes a single tax, typically on land, to replace all other taxes.

Land Rent

Payment made to the owner of land for the right to use the land, distinct from payments made for buildings or other improvements.