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What Is the Difference Between a Program Budget and a Line-Item

question 38

Essay

What is the difference between a program budget and a line-item budget? Is one more valuable to evaluating the effectiveness of government expenditures? Why?


Definitions:

Patent Application

A formal request for the rights to an invention, filed with a patent office.

Patent Infringement

The act of using, selling, or manufacturing a patented invention without permission from the patent holder.

Patent Issued

The grant of exclusive rights to an inventor by a sovereign authority, allowing them to exclude others from making, using, or selling their invention for a certain period.

Royalties

Payments made by one party (the licensee) to another (the licensor) for the use of the latter's property, usually intellectual property or natural resources.

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