A Plan That Lists the Types and Amounts of General

question 130

Multiple Choice

A plan that lists the types and amounts of general and administrative expenses expected during the budget period is referred to as a:

• A) General and administrative expense budget.
• B) Sales budget.
• C) Cash payments budget.
• D) Overhead budget.
• E) Selling expense budget.

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Definitions:

Transfer Payments

Payments made by the government to individuals without any expectation of a direct return, such as welfare, social security, and unemployment benefits.

Automatic Stabilizers

Economic policies and programs, such as unemployment benefits and progressive taxation, that automatically help stabilize an economy by increasing spending in a downturn and reducing spending in an upswing without additional government action.

Private Spending

Private Spending is the total expenditures by individuals and businesses in an economy, excluding government spending and investment.

Transfer Payments

Payments made by the government to individuals or organizations without requiring any goods or services in return, such as welfare checks or social security.