What Is a Balanced Budget

question 129

Multiple Choice

What is a balanced budget?

• A)It is the equality of tax revenues and government spending on goods and services.
• B)It is the equality of net tax revenues and government spending on goods and services
• C)It is the absence of government debt.
• D)It is a budget where the government spends over many categories in a balanced fashion.

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Definitions:

Formula Presentation

A presentation by which the salesperson follows a general outline that allows more flexibility and tries to determine prospect needs.

Repeat Purchases

The action by customers of buying a product or service again, often indicating satisfaction and loyalty to a brand.

Need-Satisfaction

A sales approach focusing on identifying and meeting the explicit needs of the customer with suitable products or services.

Highly Structured

Describes systems or processes that are organized in a clear, well-defined manner, often with strict rules or arrangements.