Question 1

As a result of a lawsuit filed by the State of Texas over tobacco related illnesses, the American tobacco industry must pay

Accepted Answer

A)  $25 million in damages. 
B)  $18 billion in damages. 
C)  $100 million in damages. 
D)  $233 million in damages. 
A)  $25 million in damages. 
B)  $18 billion in damages. 
C)  $100 million in damages. 
D)  $233 million in damages. B

Question 2

What amount of state funding for public schools is provided by the Foundation School Fund?

Accepted Answer

A)  Less than 50 percent 
B)  Approximately 60 percent 
C)  Approximately 70 percent 
D)  More than 70 percent 
A)  Less than 50 percent 
B)  Approximately 60 percent 
C)  Approximately 70 percent 
D)  More than 70 percent D

Question 3

Describe the state's efforts to collect sales tax from online businesses.

Accepted Answer

Many states have implemented various efforts to collect sales tax from online businesses. One common approach is to require online retailers to collect and remit sales tax on purchases made by customers within the state. This is often done through legislation that expands the definition of what constitutes a physical presence in the state, thereby subjecting online businesses to sales tax obligations.

Additionally, some states have entered into agreements with online retailers to voluntarily collect and remit sales tax, while others have pursued legal action to compel compliance. Some states have also implemented reporting requirements for online businesses to disclose sales made to customers within the state, in order to ensure that appropriate sales tax is being collected.

Overall, the efforts to collect sales tax from online businesses vary by state, but there is a growing trend towards holding online retailers accountable for collecting and remitting sales tax on purchases made by their customers within the state.

Question 4

State accounts are audited under the direct supervision of the

Accepted Answer

A)  state comptroller. 
B)  state treasurer. 
C)  lieutenant governor. 
D)  state auditor. 
A)  state comptroller. 
B)  state treasurer. 
C)  lieutenant governor. 
D)  state auditor.

Question 5

The problem with denying CHIP benefits to children is that it involves

Accepted Answer

A)  a reduction of federal money to the state. 
B)  an increase in taxes for the wealthy. 
C)  an increase in the state's debt. 
D)  a reduction in hospital taxes for the needy. 
A)  a reduction of federal money to the state. 
B)  an increase in taxes for the wealthy. 
C)  an increase in the state's debt. 
D)  a reduction in hospital taxes for the needy.

Question 6

The state auditor is appointed by and serves at the will of the

Accepted Answer

A)  Texas governor. 
B)  secretary of state. 
C)  Legislative Budget Board. 
D)  Legislative Audit Committee. 
A)  Texas governor. 
B)  secretary of state. 
C)  Legislative Budget Board. 
D)  Legislative Audit Committee.

Question 7

The "dual budgeting" system in Texas means that both

Accepted Answer

A)  revenues and expenditures are equal. 
B)  the house and Senate must pass the budget. 
C)  the comptroller and treasurer authorize spending. 
D)  the governor and the legislature draw up budget proposals. 
A)  revenues and expenditures are equal. 
B)  the house and Senate must pass the budget. 
C)  the comptroller and treasurer authorize spending. 
D)  the governor and the legislature draw up budget proposals.

Question 8

More than half of the expenditures in Texas are paid from

Accepted Answer

A)  federal grants-in-aid. 
B)  the general revenue fund. 
C)  dedicated funds. 
D)  general obligation and revenue bonds. 
A)  federal grants-in-aid. 
B)  the general revenue fund. 
C)  dedicated funds. 
D)  general obligation and revenue bonds.

Question 9

The online retailer Amazon must collect sales taxes on items consumers purchase because

Accepted Answer

A)  it has facilities in the state of Texas. 
B)  it uses the Internet for consumer purchases. 
C)  Texas is a member of the Streamlined Sales and Use Tax Governing Board. 
D)  the Texas Supreme Court has ordered it to do so. 
A)  it has facilities in the state of Texas. 
B)  it uses the Internet for consumer purchases. 
C)  Texas is a member of the Streamlined Sales and Use Tax Governing Board. 
D)  the Texas Supreme Court has ordered it to do so.

Question 10

Explain the role of the comptroller of public accounts.

Accepted Answer

The Comptroller of Public Accounts plays

Question 11

In Texas, projected revenue levels are provided to the governor and legislature by the

Accepted Answer

A)  State Auditor's Office. 
B)  state comptroller of public accounts. 
C)  General Accounting Office. 
D)  Governor's Office of Budget and Planning. 
A)  State Auditor's Office. 
B)  state comptroller of public accounts. 
C)  General Accounting Office. 
D)  Governor's Office of Budget and Planning.

Question 12

The traditional Texas fiscal policy is the achievement of a balanced budget through

Accepted Answer

A)  low taxes and low levels of public spending. 
B)  high taxes and low public spending. 
C)  high taxes and high public spending. 
D)  low taxes and high public spending. 
A)  low taxes and low levels of public spending. 
B)  high taxes and low public spending. 
C)  high taxes and high public spending. 
D)  low taxes and high public spending.

Question 13

Unlike the federal budget, a budget passed by the Texas legislature

Accepted Answer

A)  must pass both the house and Senate. 
B)  requires a four-fifths vote to override a veto. 
C)  authorizes spending for a two-year period. 
D)  must go to the chief executive for approval. 
A)  must pass both the house and Senate. 
B)  requires a four-fifths vote to override a veto. 
C)  authorizes spending for a two-year period. 
D)  must go to the chief executive for approval.

Question 14

Which agency takes reservations for football tailgating on state property in Austin?

Accepted Answer

A)  The Governor's Office of Budget, Planning and Policy 
B)  The Texas Facilities Commission 
C)  The office of the comptroller of public accounts 
D)  The Texas Higher Education Coordinating Board 
A)  The Governor's Office of Budget, Planning and Policy 
B)  The Texas Facilities Commission 
C)  The office of the comptroller of public accounts 
D)  The Texas Higher Education Coordinating Board

Question 15

Which area of the state is home to the newest regional comprehensive university?

Accepted Answer

A)  The Rio Grande Valley 
B)  The Houston metropolitan area 
C)  The Texas Panhandle 
D)  The El Paso metropolitan area 
A)  The Rio Grande Valley 
B)  The Houston metropolitan area 
C)  The Texas Panhandle 
D)  The El Paso metropolitan area

Question 16

The state of Texas provides workers compensation under monies collected from

Accepted Answer

A)  payroll taxes. 
B)  severance taxes. 
C)  selective sales taxes. 
D)  general obligation bonds. 
A)  payroll taxes. 
B)  severance taxes. 
C)  selective sales taxes. 
D)  general obligation bonds.

Question 17

Which of the following task(s) does the comptroller's office oversee?

Accepted Answer

A)  Preparing the state's budget 
B)  Issuing checks to pay state obligations 
C)  Appropriating lottery funds 
D)  Selling general obligation bonds 
A)  Preparing the state's budget 
B)  Issuing checks to pay state obligations 
C)  Appropriating lottery funds 
D)  Selling general obligation bonds

Question 18

Which of the following determines if state agencies have spent public funds in accordance with law?

Accepted Answer

A)  The comptroller of public accounts 
B)  The State Auditor's Office 
C)  The Legislative Budget Board 
D)  The secretary of state 
A)  The comptroller of public accounts 
B)  The State Auditor's Office 
C)  The Legislative Budget Board 
D)  The secretary of state

Question 19

The fiscal biennium in Texas begins on

Accepted Answer

A)  July 1 of odd-numbered years. 
B)  January 1 of even-numbered years. 
C)  September 1 of odd-numbered years. 
D)  October 1 of even-numbered years. 
A)  July 1 of odd-numbered years. 
B)  January 1 of even-numbered years. 
C)  September 1 of odd-numbered years. 
D)  October 1 of even-numbered years.

Question 20

A bond whose repayment is guaranteed by the full faith and credit of the state is a

Accepted Answer

A)  revenue bond. 
B)  general obligation bond. 
C)  special assessment bond. 
D)  limited obligation bond. 
A)  revenue bond. 
B)  general obligation bond. 
C)  special assessment bond. 
D)  limited obligation bond.

As a result of a lawsuit filed by the State of Texas over tobacco related illnesses, the American tobacco industry must pay

What amount of state funding for public schools is provided by the Foundation School Fund?

Describe the state's efforts to collect sales tax from online businesses.

State accounts are audited under the direct supervision of the

The problem with denying CHIP benefits to children is that it involves

The state auditor is appointed by and serves at the will of the

The "dual budgeting" system in Texas means that both

More than half of the expenditures in Texas are paid from

The online retailer Amazon must collect sales taxes on items consumers purchase because

Explain the role of the comptroller of public accounts.

In Texas, projected revenue levels are provided to the governor and legislature by the

The traditional Texas fiscal policy is the achievement of a balanced budget through

Unlike the federal budget, a budget passed by the Texas legislature

Which agency takes reservations for football tailgating on state property in Austin?

Which area of the state is home to the newest regional comprehensive university?

The state of Texas provides workers compensation under monies collected from

Which of the following task(s) does the comptroller's office oversee?

Which of the following determines if state agencies have spent public funds in accordance with law?

The fiscal biennium in Texas begins on

A bond whose repayment is guaranteed by the full faith and credit of the state is a

The Environment of Texas Politics

Federalism and the Texas Constitution

Local Governments

Political Parties

Campaigns and Elections

The Media and Politics in Texas

The Politics of Interest Groups

The Legislative Branch

The Executive Branch

Public Policy and Administration

The Judicial Branch

The Criminal Justice System

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Exam 13: Finance and Fiscal Policy

As a result of a lawsuit filed by the State of Texas over tobacco related illnesses, the American tobacco industry must pay

What amount of state funding for public schools is provided by the Foundation School Fund?

Describe the state's efforts to collect sales tax from online businesses.

State accounts are audited under the direct supervision of the

The problem with denying CHIP benefits to children is that it involves

The state auditor is appointed by and serves at the will of the

The "dual budgeting" system in Texas means that both

More than half of the expenditures in Texas are paid from

The online retailer Amazon must collect sales taxes on items consumers purchase because

Explain the role of the comptroller of public accounts.

In Texas, projected revenue levels are provided to the governor and legislature by the

The traditional Texas fiscal policy is the achievement of a balanced budget through

Unlike the federal budget, a budget passed by the Texas legislature

Which agency takes reservations for football tailgating on state property in Austin?

Which area of the state is home to the newest regional comprehensive university?

The state of Texas provides workers compensation under monies collected from

Which of the following task(s) does the comptroller's office oversee?

Which of the following determines if state agencies have spent public funds in accordance with law?

The fiscal biennium in Texas begins on

A bond whose repayment is guaranteed by the full faith and credit of the state is a

The Environment of Texas Politics

Federalism and the Texas Constitution

Local Governments

Political Parties

Campaigns and Elections

The Media and Politics in Texas

The Politics of Interest Groups

The Legislative Branch

The Executive Branch

Public Policy and Administration

The Judicial Branch

The Criminal Justice System

Filters