Question 1

What is the term for a procurement official having financial interests in a company competing for a government contract?

Accepted Answer

A conflict of interest

Question 2

Prompt payment laws mainly focus on making sure that taxpayers pay their taxes on time.

Accepted Answer

A) True 
 B)False  False

Question 3

What is meant by the term "enterprise architecture"?

Accepted Answer

It is a framework for how business processes within an organization should communicate, share information, and interrelate.

Question 4

Which of the following is not part of the federal regulation adoption process?

Accepted Answer

A)  Drafting the regulation 
B)  Reviewing public comments 
C)  Obtaining OMB approval 
D)  Obtaining congressional approval 
A)  Drafting the regulation 
B)  Reviewing public comments 
C)  Obtaining OMB approval 
D)  Obtaining congressional approval

Question 5

What are the two primary objectives of a government procurement program?

Accepted Answer

Having materials ava

Question 6

In addition to taxes, individuals and corporations also may owe what other types of debt to the government?

Accepted Answer

A)  Student loans 
B)  Crop insurance payments 
C)  Both student loans and crop insurance payments 
D)  None of these is correct. 
A)  Student loans 
B)  Crop insurance payments 
C)  Both student loans and crop insurance payments 
D)  None of these is correct.

Question 7

What is the first step in risk management planning?

Accepted Answer

Identifying and asse

Question 8

What do we call the process of administering revenues to ensure that they are available to meet expenditure needs and when temporarily not needed, that they are invested at a minimum risk and a maximum yield?

Accepted Answer

The answer of What do we call the process of...

Question 9

Which of the following issues presents the greatest challenge to the tax administration process?

Accepted Answer

A)  Tax collection enforcement 
B)  Setting tax rates 
C)  Tax withholdings 
D)  Sales tax calculations 
A)  Tax collection enforcement 
B)  Setting tax rates 
C)  Tax withholdings 
D)  Sales tax calculations

Question 10

Which of the following is a common financial instrument used by governments to address unforeseen shortfalls in revenues?

Accepted Answer

A)  Authorizations 
B)  Budget stabilization funds 
C)  Derivatives 
D)  Prompt payment laws 
A)  Authorizations 
B)  Budget stabilization funds 
C)  Derivatives 
D)  Prompt payment laws

Question 11

What are the three types of bidding procedures that are identified and followed at the beginning of the bidding process?

Accepted Answer

Invitations for bid,

Question 12

What are the four subsystems of budget execution? Describe the purpose of each one briefly, and then choose one of these and identify its principal objectives, benefits, and challenges.

Accepted Answer

Tax administration, cash management, pro

Question 13

Central budget offices are often assigned a variety of management-related duties beyond the core activities of assembling proposed budgets and overseeing their execution.

Accepted Answer

A) True 
 B)False

Question 14

What is the term for the reassignment of government activities to the private sector?

Accepted Answer

The answer of What is the term for the reassignment...

Question 15

The Trump administration has attempted to increase the level of federal regulatory activity, in order to better protect the health and safety of the public.

Accepted Answer

A) True 
 B)False

Question 16

The time between when checks and currency are received by a governmental agency and when they are deposited is called:

Accepted Answer

A)  flow lag. 
B)  flow time. 
C)  float time. 
D)  yield time. 
A)  flow lag. 
B)  flow time. 
C)  float time. 
D)  yield time.

Question 17

Which of the following investment periods would tend to have the highest yield rate?

Accepted Answer

A)  Five-year 
B)  Ten-year 
C)  Twenty-year 
D)  Thirty-year 
A)  Five-year 
B)  Ten-year 
C)  Twenty-year 
D)  Thirty-year

Question 18

Government procurement programs should not be used to assist minority-owned or women-owned businesses or any other special interest group.

Accepted Answer

A) True 
 B)False

Question 19

If tax laws were simplified, people would have less opportunity to cheat and tax agencies would need to spend far less than current levels on tax administration.

Accepted Answer

A) True 
 B)False

Question 20

The primary purpose of apportionments is to ensure that government agencies spend at a rate that will keep them within limits imposed by their annual appropriations.

Accepted Answer

A) True 
 B)False

What is the term for a procurement official having financial interests in a company competing for a government contract?

Prompt payment laws mainly focus on making sure that taxpayers pay their taxes on time.

What is meant by the term "enterprise architecture"?

Which of the following is not part of the federal regulation adoption process?

What are the two primary objectives of a government procurement program?

In addition to taxes, individuals and corporations also may owe what other types of debt to the government?

What is the first step in risk management planning?

What do we call the process of administering revenues to ensure that they are available to meet expenditure needs and when temporarily not needed, that they are invested at a minimum risk and a maximum yield?

Which of the following issues presents the greatest challenge to the tax administration process?

Which of the following is a common financial instrument used by governments to address unforeseen shortfalls in revenues?

What are the three types of bidding procedures that are identified and followed at the beginning of the bidding process?

What are the four subsystems of budget execution? Describe the purpose of each one briefly, and then choose one of these and identify its principal objectives, benefits, and challenges.

Central budget offices are often assigned a variety of management-related duties beyond the core activities of assembling proposed budgets and overseeing their execution.

What is the term for the reassignment of government activities to the private sector?

The Trump administration has attempted to increase the level of federal regulatory activity, in order to better protect the health and safety of the public.

The time between when checks and currency are received by a governmental agency and when they are deposited is called:

Which of the following investment periods would tend to have the highest yield rate?

Government procurement programs should not be used to assist minority-owned or women-owned businesses or any other special interest group.

If tax laws were simplified, people would have less opportunity to cheat and tax agencies would need to spend far less than current levels on tax administration.

The primary purpose of apportionments is to ensure that government agencies spend at a rate that will keep them within limits imposed by their annual appropriations.

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

Financial Management: Accounting, Reporting, and Auditing

Capital Assets: Planning and Budgeting, Analysis, and Management

Capital Finance and Debt Management

Intergovernmental Relations

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

Filters

Exam 11: Budget Execution

What is the term for a procurement official having financial interests in a company competing for a government contract?

Prompt payment laws mainly focus on making sure that taxpayers pay their taxes on time.

What is meant by the term "enterprise architecture"?

Which of the following is not part of the federal regulation adoption process?

What are the two primary objectives of a government procurement program?

In addition to taxes, individuals and corporations also may owe what other types of debt to the government?

What is the first step in risk management planning?

What do we call the process of administering revenues to ensure that they are available to meet expenditure needs and when temporarily not needed, that they are invested at a minimum risk and a maximum yield?

Which of the following issues presents the greatest challenge to the tax administration process?

Which of the following is a common financial instrument used by governments to address unforeseen shortfalls in revenues?

What are the three types of bidding procedures that are identified and followed at the beginning of the bidding process?

What are the four subsystems of budget execution? Describe the purpose of each one briefly, and then choose one of these and identify its principal objectives, benefits, and challenges.

Central budget offices are often assigned a variety of management-related duties beyond the core activities of assembling proposed budgets and overseeing their execution.

What is the term for the reassignment of government activities to the private sector?

The Trump administration has attempted to increase the level of federal regulatory activity, in order to better protect the health and safety of the public.

The time between when checks and currency are received by a governmental agency and when they are deposited is called:

Which of the following investment periods would tend to have the highest yield rate?

Government procurement programs should not be used to assist minority-owned or women-owned businesses or any other special interest group.

If tax laws were simplified, people would have less opportunity to cheat and tax agencies would need to spend far less than current levels on tax administration.

The primary purpose of apportionments is to ensure that government agencies spend at a rate that will keep them within limits imposed by their annual appropriations.

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

Financial Management: Accounting, Reporting, and Auditing

Capital Assets: Planning and Budgeting, Analysis, and Management

Capital Finance and Debt Management

Intergovernmental Relations

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

Filters