Unfunded Liabilities Occur When the Government Considers Long-Term Benefits and Costs

question 171

True/False

Unfunded liabilities occur when the government considers long-term benefits and costs of projects, and approves only those with positive long-term net benefits.

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Definitions:

Word Processing

The use of software to create, edit, and format text-based documents.

Spreadsheet

A digital document that organizes data in rows and columns, allowing for data manipulation and analysis using formulas and functions.

Word-processing Document

A digital document created using word processing software, designed for text-based content creation and editing.

Operating System

The fundamental software that manages hardware resources, and provides services for computer programs, enabling the execution of application software.