The Government of Oaksland,a Less-Developed Country,has Been Spending the Revenue

question 4

Multiple Choice

The government of Oaksland,a less-developed country,has been spending the revenue generated from taxes and fees on infrastructural development,health care,and public utilities.Its expenditure has exceeded its revenue.This condition referred to as a _____.

• A)trade surplus
• B)positive balance of payment
• C)break-even point
• D)budget deficit

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Definitions:

Corporate Social Responsibility

A business model that helps a company be socially accountable to itself, its stakeholders, and the public.

Performance Measure

Quantitative or qualitative criteria used to evaluate, compare, and track the efficiency, effectiveness, or performance of an organization, employee, or process.

Utilization Rate

The ratio of the time that a resource is actually used to the total time it is available for use, often used in assessing the efficiency of production resources or employees.

Machinery

Equipment or devices designed for a specific task, often used in manufacturing and industrial processes.