Budget Maximization by Bureaus Results in _____

question 193

Multiple Choice

Budget maximization by bureaus results in _____

• A)a larger budget than that desired by the median voter.
• B)the acquisition of information about public choices, which bureaus act on specifically.
• C)the dominance of the preferences of the median, or middle, voter.
• D)a smaller budget than that desired by the median voter.
• E)the financing of the production of all goods and services in an economy.

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Definitions:

Return on Total Assets

This is a profitability ratio that measures how effectively a company is using its assets to generate profit.

Semiannual Interest

The interest that is calculated and paid twice a year on an investment or loan.

Journal Entry

A record in accounting journals that represents a business transaction and includes details like date, amounts, and accounts affected.

Semiannual Interest Payment

A type of interest payment made twice a year on bonds or other fixed-income securities.