The Primary Problem with Entitlements,from a Budgetary Perspective,is That _____

question 9

Multiple Choice

The primary problem with entitlements,from a budgetary perspective,is that _____.

• A)expenditures are much harder to control than for non-entitlements
• B)they add to the uncertainty of the budgetary process because it is difficult to predict how many individuals will be eligible
• C)it is impossible to control spending on entitlements once created
• D)a and b
• E)all of the above

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Definitions:

Disbursements

Payments made by a business or organization, often involving the distribution of funds, such as payroll or expense reimbursements.

Certificate

A document officially recognizing a certain achievement, qualification, or standard, often issued after the completion of educational courses or training.

Guaranteed Payment

A payment type in partnerships where a partner is assured a certain amount regardless of the firm's profitability.

Accounting Process

The systematic series of steps followed in the accounting profession to track and record financial transactions and prepare financial statements.