When the Budget of a Government Is Adopted and Estimated

question 55

Multiple Choice

When the budget of a government is adopted and Estimated Revenues exceed Appropriations,the excess is

• A)Credited to Budgetary Fund Balance.
• B)Debited to Budgetary Fund Balance.
• C)Debited to Reserve for Encumbrances.
• D)Credited to Reserve for Encumbrances.

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Definitions:

Creative

The ability or quality of generating original ideas, or making connections between seemingly unrelated phenomena.

Triarchic Theory

A theory of intelligence proposed by Robert Sternberg that suggests intelligence can be divided into three aspects: analytical, creative, and practical.

Robert Sternberg

An American psychologist known for his theory on intelligence and creativity, including the triarchic theory of intelligence.

Intelligence

The ability to acquire and apply knowledge and skills.