In 1921,Congress Passed the Budget and Accounting Act to Alleviate

question 32

Multiple Choice

In 1921,Congress passed the Budget and Accounting Act to alleviate concerns about __________.

• A)retiring the debt from World War I
• B)communist influence in the budget process
• C)corporate funds going to political campaigns
• D)the viability of the Social Security program

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Definitions:

Service Company

A business that provides intangible products or services to customers, as opposed to selling physical goods.

Flexible Budget

An elastic budget that varies according to fluctuations in volume or operational activities.

Revenue

The total income generated by the sale of goods or services before any expenses are deducted.

Shipping Container

A large container designed for transport and storage of goods by various modes of transportation, including ship, rail, and truck.