Question 1

What is the process called when the President of the United States refuses to release funds to agencies that have already been approved in the federal budget?

Accepted Answer

A)  Necessary reductions 
B)  Impoundment 
C)  Pocket veto 
D)  Executive privilege 
A)  Necessary reductions 
B)  Impoundment 
C)  Pocket veto 
D)  Executive privilege B

Question 2

What is one of the most common complaints about the preparation and approval phases of the budget cycle?

Accepted Answer

Fragmentation among different participants within the executive branch and among committees in the legislative branch.

Question 3

What are the four phases the budget cycle?

Accepted Answer

1) Preparation and submission.
2) approval.
3) execution.
4) audit and evaluation.

Question 4

Although the majority of states have fiscal years beginning July 1st, which states do not and when do their fiscal years begin?

Accepted Answer

New York's begins April 1st; T

Question 5

During the budget execution phase, some form of centralized expenditure control is common at what levels of government?

Accepted Answer

A)  The federal level 
B)  The state level 
C)  The local level 
D)  All of these are correct. 
A)  The federal level 
B)  The state level 
C)  The local level 
D)  All of these are correct.

Question 6

All public budgets must be approved by a legislative body such as the U.S. Congress, a state legislature, a county board of supervisors, a city council, or a school board.

Accepted Answer

A) True 
 B)False

Question 7

During the budget preparation phase, only the chief executive is committed to viewing the budget and its policy implications in their entirety.

Accepted Answer

A) True 
 B)False

Question 8

What is the primary purpose of the apportionment process?

Accepted Answer

To allocate funding over the b

Question 9

In the United States today, approximately how many states operate with biennial budgets?

Accepted Answer

A)  15% 
B)  30% 
C)  60% 
D)  Almost all states 
A)  15% 
B)  30% 
C)  60% 
D)  Almost all states

Question 10

What are some of the dominant political considerations involved in the preparation phase of public budgets?

Accepted Answer

Line agencies always try to protect thei

Question 11

While overlapping periods in the budget process may exist at all levels of government, there is only one annual budget cycle.

Accepted Answer

A) True 
 B)False

Question 12

In most states, where is the state budget office housed?

Accepted Answer

A)  In the governor's office 
B)  In the legislative oversight bureau 
C)  In a department of administration and management 
D)  In a stand-alone agency 
A)  In the governor's office 
B)  In the legislative oversight bureau 
C)  In a department of administration and management 
D)  In a stand-alone agency

Question 13

What are the principal objectives of the audit and evaluation phase of public budgeting?

Accepted Answer

(1) Basic compliance with the

Question 14

A majority of cities in the United States follow the principle of executive budget preparation.

Accepted Answer

A)  True 
B)  False 
C)  Depends on the form of government: strong mayor, weak mayor, commission. 
A)  True 
B)  False 
C)  Depends on the form of government: strong mayor, weak mayor, commission.

Question 15

What is the fundamental purpose of public budgeting?

Accepted Answer

To allocate scarce resources a

Question 16

Although biennial budgets may allow greater time for more thorough analysis of government activities and could eliminate an enormous amount of "busy work," according to budget reformers, why do the federal government and most states continue to rely on annual budgets?

Accepted Answer

A)  Makes prompt responses to external conditions more difficult 
B)  New information cannot be factored into program changes as quickly 
C)  Both makes prompt responses to external conditions more difficult and new information cannot be factored into program changes as quickly 
A)  Makes prompt responses to external conditions more difficult 
B)  New information cannot be factored into program changes as quickly 
C)  Both makes prompt responses to external conditions more difficult and new information cannot be factored into program changes as quickly

Question 17

While every public budget process must include both revenue and expenditure forecasts, how is this handled at the federal level?

Accepted Answer

At the federal level, revenue and approp

Question 18

Describe the fiscal interdependence of the various levels of government in the United States. How do the budget cycles and budget processes of each effect the others? How does this complicate the budget deliberations at the various levels?

Accepted Answer

The fiscal interdependence of the variou

Question 19

At the state and local levels, what is the most common first step in the budget preparation process?

Accepted Answer

The central budget o

What is the process called when the President of the United States refuses to release funds to agencies that have already been approved in the federal budget?

What is one of the most common complaints about the preparation and approval phases of the budget cycle?

What are the four phases the budget cycle?

Although the majority of states have fiscal years beginning July 1st, which states do not and when do their fiscal years begin?

During the budget execution phase, some form of centralized expenditure control is common at what levels of government?

All public budgets must be approved by a legislative body such as the U.S. Congress, a state legislature, a county board of supervisors, a city council, or a school board.

During the budget preparation phase, only the chief executive is committed to viewing the budget and its policy implications in their entirety.

What is the primary purpose of the apportionment process?

In the United States today, approximately how many states operate with biennial budgets?

What are some of the dominant political considerations involved in the preparation phase of public budgets?

While overlapping periods in the budget process may exist at all levels of government, there is only one annual budget cycle.

In most states, where is the state budget office housed?

What are the principal objectives of the audit and evaluation phase of public budgeting?

A majority of cities in the United States follow the principle of executive budget preparation.

What is the fundamental purpose of public budgeting?

Although biennial budgets may allow greater time for more thorough analysis of government activities and could eliminate an enormous amount of "busy work," according to budget reformers, why do the federal government and most states continue to rely on annual budgets?

While every public budget process must include both revenue and expenditure forecasts, how is this handled at the federal level?

Describe the fiscal interdependence of the various levels of government in the United States. How do the budget cycles and budget processes of each effect the others? How does this complicate the budget deliberations at the various levels?

At the state and local levels, what is the most common first step in the budget preparation process?

Introduction

The Public Sector in Perspective

The Government, the Economy, and Economic Development

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 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

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Exam 4: Budget Cycles

What is the process called when the President of the United States refuses to release funds to agencies that have already been approved in the federal budget?

What is one of the most common complaints about the preparation and approval phases of the budget cycle?

What are the four phases the budget cycle?

Although the majority of states have fiscal years beginning July 1st, which states do not and when do their fiscal years begin?

During the budget execution phase, some form of centralized expenditure control is common at what levels of government?

All public budgets must be approved by a legislative body such as the U.S. Congress, a state legislature, a county board of supervisors, a city council, or a school board.

During the budget preparation phase, only the chief executive is committed to viewing the budget and its policy implications in their entirety.

What is the primary purpose of the apportionment process?

In the United States today, approximately how many states operate with biennial budgets?

What are some of the dominant political considerations involved in the preparation phase of public budgets?

While overlapping periods in the budget process may exist at all levels of government, there is only one annual budget cycle.

In most states, where is the state budget office housed?

What are the principal objectives of the audit and evaluation phase of public budgeting?

A majority of cities in the United States follow the principle of executive budget preparation.

What is the fundamental purpose of public budgeting?

Although biennial budgets may allow greater time for more thorough analysis of government activities and could eliminate an enormous amount of "busy work," according to budget reformers, why do the federal government and most states continue to rely on annual budgets?

While every public budget process must include both revenue and expenditure forecasts, how is this handled at the federal level?

Describe the fiscal interdependence of the various levels of government in the United States. How do the budget cycles and budget processes of each effect the others? How does this complicate the budget deliberations at the various levels?

At the state and local levels, what is the most common first step in the budget preparation process?

Introduction

The Public Sector in Perspective

The Government, the Economy, and Economic Development

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 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