Exam 13: Capital Assets: Planning and Budgeting, Analysis, and Management

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Considering the return on investment (ROI), public sector investments may often be justified on the basis of nonfinancial returns if the financial return on the investment is less than an equivalent privately provided option.

(True/False)

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Question 21

In general, what are the two criteria that distinguish current expenditures from capital expenditures?

(Short Answer)

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Question 22

What is the first step in a typical public sector capital investment planning process?

(Multiple Choice)

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Question 23

What are the three types of public sector capital investments?

(Essay)

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Question 24

What is the principal difference between an economic analysis and a financial analysis?

(Essay)

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Question 25

The main difference between the federal budget preparation of capital investment requests and state governments with capital budgets is that there is no overall federal capital investment plan or capital budget.

(True/False)

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Question 26

How an expenditure is financed (using current revenues vs. some form of longer-term financing) is one of the reasons state and local governments, as opposed to the federal government, separate capital expenditures from current expenditures in the budget process.

(True/False)

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Question 27

The operating and maintenance costs of a new facility are lower in the early years of operation.

(True/False)

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Question 28

What is the difference between a capital budget and a capital improvement program?

(Essay)

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Question 29

Showing 21 - 29 of 29

Considering the return on investment (ROI), public sector investments may often be justified on the basis of nonfinancial returns if the financial return on the investment is less than an equivalent privately provided option.

In general, what are the two criteria that distinguish current expenditures from capital expenditures?

What is the first step in a typical public sector capital investment planning process?

What are the three types of public sector capital investments?

What is the principal difference between an economic analysis and a financial analysis?

The main difference between the federal budget preparation of capital investment requests and state governments with capital budgets is that there is no overall federal capital investment plan or capital budget.

How an expenditure is financed (using current revenues vs. some form of longer-term financing) is one of the reasons state and local governments, as opposed to the federal government, separate capital expenditures from current expenditures in the budget process.

The operating and maintenance costs of a new facility are lower in the early years of operation.

What is the difference between a capital budget and a capital improvement program?

Introduction

The Public Sector in Perspective

The Government, the Economy, and Economic Development

Budget Cycles

Budgeting for Revenues: Income Taxes, Payroll Taxes, and Property Taxes

Budgeting for Revenues: Transaction-Based Revenue Sources

Budget Preparation: The Expenditure Side

Budget Preparation: The Decision Process

Budget Approval: The Role of the Legislature

Budget Approval: The US Congress

Budget Execution

Financial Management: Accounting, Reporting, and Auditing

Capital Finance and Debt Management

Intergovernmental Relations

Comparing the Great Recession and the COVID-19 Recession: Causes, Responses, and Effects

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