Which of the Following Programs Is Off-Budget

question 75

Multiple Choice

Which of the following programs is off-budget?

• A)Interest on the debt.
• B)Defense.
• C)Medicare.
• D)Student loans.

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Definitions:

Capital Expenditures

Capital employed by a business to buy, enhance, and keep up physical properties, including premises, manufacturing facilities, or devices.

Accounting Functions

The systematic process of recording, analyzing, summarizing, and reporting financial transactions of a business.

Agency Cost

Represents expenses arising from conflicts of interest between managers and shareholders within a corporation.

Corporate Jet

A private aircraft owned or leased by a corporation, used to transport company executives, employees, or clients.