Question 1

The primary difference between school budgets and private sector budgets is the much higher percentage of costs devoted to personnel by the public schools.

Accepted Answer

A) True 
 B)False  True

Question 2

The accounting system employed by public schools is:

Accepted Answer

A)   cooperative accounting
B)   multi-purpose accounting
C)   fund accounting
D)   specialized accounting
E)   all of the above C

Question 3

All states complied with the federal mandate in 1929 to develop and submit a budget for approval to Congress.

Accepted Answer

A) True 
 B)False  False

Question 4

The Office of Management and Budget (OMB) is responsible for the preparation of the executive budget of the United States.

Accepted Answer

A) True 
 B)False

Question 5

The federal government is required to develop a budget pursuant to the 10th Amendment of the U.S. Constitution.

Accepted Answer

A) True 
 B)False

Question 6

Purpose(s) of budgets include the following:

Accepted Answer

A)   allocation of authority
B)   comprehensive fiscal plan
C)   estimates of revenue receipts and expenditures
D)   all of the above

Question 7

The budget is developed by the legislative branch of government and presented to the executive branch.

Accepted Answer

A) True 
 B)False

Question 8

The approximate percent of public school budgets expended for personnel is:

Accepted Answer

A)   0.25
B)   0.35
C)   0.55
D)   0.85

Question 9

All states complied with the federal mandate in 1929 to develop and submit a budget for approval to Congress.

Accepted Answer

A) True 
 B)False

Question 10

The Office of Management and Budget (OMB) is responsible for the preparation of the executive budget of the United States.

Accepted Answer

A) True 
 B)False

Question 11

Public school budgets are coded for the following:

Accepted Answer

A)   function
B)   program
C)   object
D)   instructional level
E)   all of the above

Question 12

The advent of computerized data processing permitted more sophisticated budgeting practices by public schools.

Accepted Answer

A) True 
 B)False

Question 13

Zero-Based Budgeting has proved to be the popular budgeting system used by public schools.

Accepted Answer

A) True 
 B)False

Question 14

The primary difference between school budgets and private sector budgets is the much higher percentage of costs devoted to personnel by the public schools.

Accepted Answer

A) True 
 B)False

Question 15

The basic budgetary procedures developed by England are now followed in principle by all modern democratic countries.

Accepted Answer

A) True 
 B)False

Question 16

The budget is developed by the legislative branch of government and presented to the executive branch.

Accepted Answer

A) True 
 B)False

Question 17

The federal government is required to develop a budget pursuant to the 10th Amendment of the U.S. Constitution.

Accepted Answer

A) True 
 B)False

Question 18

The basic budgetary procedures developed by England are now followed in principle by all modern democratic countries.

Accepted Answer

A) True 
 B)False

Exam 17: School Budget Development and Administration

The primary difference between school budgets and private sector budgets is the much higher percentage of costs devoted to personnel by the public schools.

The accounting system employed by public schools is:

All states complied with the federal mandate in 1929 to develop and submit a budget for approval to Congress.

The Office of Management and Budget (OMB) is responsible for the preparation of the executive budget of the United States.

The federal government is required to develop a budget pursuant to the 10th Amendment of the U.S. Constitution.

Purpose(s) of budgets include the following:

The budget is developed by the legislative branch of government and presented to the executive branch.

The approximate percent of public school budgets expended for personnel is:

All states complied with the federal mandate in 1929 to develop and submit a budget for approval to Congress.

The Office of Management and Budget (OMB) is responsible for the preparation of the executive budget of the United States.

Public school budgets are coded for the following:

The advent of computerized data processing permitted more sophisticated budgeting practices by public schools.

Zero-Based Budgeting has proved to be the popular budgeting system used by public schools.

The primary difference between school budgets and private sector budgets is the much higher percentage of costs devoted to personnel by the public schools.

The basic budgetary procedures developed by England are now followed in principle by all modern democratic countries.

The budget is developed by the legislative branch of government and presented to the executive branch.

The federal government is required to develop a budget pursuant to the 10th Amendment of the U.S. Constitution.

The basic budgetary procedures developed by England are now followed in principle by all modern democratic countries.