PADM 462 Quiz 1 What is Budget
PADM 462 Quiz: What is a Public Budget?
Covers the Learn material from Module 1: Week 1.
- budgeting focuses on developing measurements to evaluate if inputs produced desired outcomes rather than just increasing spending.
- budgets are funded through borrowing rather than tax revenues.
- A budget is a plan of action expressed in…
- The actors involved in budgeting have _________________ motivations and goals.
- A __________________ can provide a uniform definition for all possible financial transactions.
- In ____________________ budgeting, there is a focus on effectiveness and efficiency.
- This decision-making cluster deals with questions of whether balance should be achieved by increasing revenues, decreasing expenditures, or both
- One of the advantages of __________ budgeting is the need for a minimal amount of staff in order to create and track a budget
- Zero-based budgeting:
- budgets establish a budget for day to day expenditures.
- summarize and understand complex governmental budgets by stating how governments use their resources over time.
- This legislation represents a significant constraint on public budgets
- Which of the following best defines ‘Revenue’ as a budgetary term?
- expenditures refer to expensive and long- lasting goods.
- This budget format is the oldest used by states and cities
- The _______ orientation or perspective views the budget strictly as a technical document.
- Which of the following is not a function of budgeting?
- funds are used for every day expenses.
- This level of government is not required to balance its budget every year.
- A Fund is
- How are public budgets different than private budgets?
- Why is the public budgeting process a craft according to Chen et al?