Exam 14: Budgeting and Managing Costs Creatively

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Another relatively new approach to saving costs that is being implemented by many agencies across the country is the effort to "go green."

(True/False)
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Using the team concept, departments can cut costs and make improvements at the same time by __________.

(Multiple Choice)
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Match each statement to the item listed below
Premises:
the 12-month accounting period used by an agency
Responses:
variable costs
fixed costs
fiscal year
Correct Answer:
Verified
Premises:
Responses:
the 12-month accounting period used by an agency
variable costs
(Matching)
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Personnel costs account for __________ percent of the average total police budget.

(Multiple Choice)
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______________ control and guide how resources are used and make those in charge of them responsible for their wise use.

(Short Answer)
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Most police budgeting is __________.

(Multiple Choice)
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Budgets prepared using a logical process beginning with the lowest levels of the department and working upward will be more accurate and complete.

(True/False)
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Reducing costs is the responsibility of all employees.

(True/False)
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The "all levels" police budget approach means that __________.

(Multiple Choice)
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The budget is usually divided into two classes of expenses, __________.

(Multiple Choice)
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