Which of the Following Describes the Usual Flow of Budgetary

question 42

Multiple Choice

Which of the following describes the usual flow of budgetary authority through the budgetary accounts of a federal agency?

• A) Apportionment, allotment, appropriation, commitment, obligation, expended appropriation.
• B) Allotment, commitment, obligation, expended appropriation, apportionment.
• C) Appropriation, apportionment, allotment, commitment, obligation, expended appropriation.
• D) Commitment, obligation, appropriation, apportionment, allotment, expended appropriation.

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Definitions:

Price of X

Refers to the current market price of a specific good, service, or commodity.

Utility Function

A mathematical representation that ranks an individual's preferences over a set of goods or services, showing their relative satisfactions or levels of utility.

Bliss Point

A term in psychology and economics indicating the optimal level of consumption where any further increase would lead to dissatisfaction.

Good Y

A symbolic representation often used in economics to denote a particular good or commodity in theoretical models and analyses.