Simplifying the Budget Document by Concentrating Only on Major Groupings

question 132

Multiple Choice

Simplifying the budget document by concentrating only on major groupings and eliminating line items would:

• A)ensure that cabinet members spend more time on administering an approved budget and defending a proposed budget.
• B)require longer-term economic forecasts that are difficult to obtain.
• C)prevent elected officials from including projects they prefer for their personal gains in the budget.
• D)increase the flexibility of the discretionary fiscal policy implemented by the federal government.
• E)require shorter-term economic forecasts that are easy to obtain.

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Definitions:

Market Price

The current price at which an asset or service can be bought or sold in a marketplace.

Liable

Being legally responsible for something, especially in terms of owing money or being obligated to perform under the terms of a contract.

Real Estate Agent

A professional authorized to negotiate and conduct real estate transactions on behalf of sellers and buyers.

Written Offer

A formal proposal presented in written form to engage in a contract or agreement.