Which of the Following Is Correct with Regard to Budget

question 208

Multiple Choice

Which of the following is correct with regard to budget deficits and the national debt?

• A) A country's national debt is the amount of money its government owes the United States.
• B) A budget deficit occurs when income tax revenue is less than interest payments on the national debt.
• C) Canada is the only industrialized country in the world that has a budget surplus.
• D) Until recently,Canada was the only industrialized country that had an annual budget surplus.
• E) All of these statements are correct.

---

Definitions:

Management by Objectives

A strategic management model that aims to improve the performance of an organization by clearly defining objectives that are agreed upon by both management and employees.

Core Competencies

Fundamental skills, knowledge, and abilities that are essential for an organization or individual to stand out in their field.

Business Strategy

A plan of action designed to achieve a long-term or overall aim in the business context.

Merit Raises

A method of increasing an employee's pay based on their performance.