Question 1

Ubiquitous strategies for supporting budget proposals include:

Accepted Answer

A)  arguing that the program in question pays for itself. 
B)  linking the program to a crisis. 
C)  proposing that politically popular programs be cut first. 
D)  identifying and rallying a loyal clientele. 
A)  arguing that the program in question pays for itself. 
B)  linking the program to a crisis. 
C)  proposing that politically popular programs be cut first. 
D)  identifying and rallying a loyal clientele. D

Question 2

Which of the following is an accurate statement about the relative size of government purchases and government spending?

Accepted Answer

A)  Because spending is the same as purchasing, the measures must be the same. 
B)  Purchases will be greater than spending because of deficit and surplus adjustments. 
C)  Spending includes transfer payments like social security, but purchases do not. 
D)  Neither includes provision of government services by contract with private firms. 
A)  Because spending is the same as purchasing, the measures must be the same. 
B)  Purchases will be greater than spending because of deficit and surplus adjustments. 
C)  Spending includes transfer payments like social security, but purchases do not. 
D)  Neither includes provision of government services by contract with private firms. C

Question 3

Which of the following would not be a concern of a financial audit?

Accepted Answer

A)  Whether the Department of Environment Services actually spent the
$150,000 its reports say it did 
B)  Whether the 700 gallons of gasoline purchased by the Department were
actually delivered 
C)  Whether the 14 street cleaners employed by the Department could be
replaced by a motorized sweeper to save $75,000 per year. 
D)  Whether permit fees collected by the Department are remitted in their
entirety to the city Treasurer. 
A)  Whether the Department of Environment Services actually spent the
$150,000 its reports say it did 
B)  Whether the 700 gallons of gasoline purchased by the Department were
actually delivered 
C)  Whether the 14 street cleaners employed by the Department could be
replaced by a motorized sweeper to save $75,000 per year. 
D)  Whether permit fees collected by the Department are remitted in their
entirety to the city Treasurer. C

Question 4

Agency X had an appropriation of $10 million in 2013 and of $11.5 million in 2014 an increase of $1.5 million or 15%). According to the incrementalist view, what is the 2014 budget base for the agency?

Accepted Answer

A)  $10 million 
B)  $13 million $11.5 million plus $1.5 million 
C)  $13.225 million $11.5 million plus 15% 
D)  $11.5 million 
A)  $10 million 
B)  $13 million $11.5 million plus $1.5 million 
C)  $13.225 million $11.5 million plus 15% 
D)  $11.5 million

Question 5

The purpose of a financial audit includes all of the following EXCEPT:

Accepted Answer

A)  Assess legality of transactions 
B)  Evaluate effectiveness of public resource use 
C)  Test internal controls 
D)  Examine completeness of financial records 
A)  Assess legality of transactions 
B)  Evaluate effectiveness of public resource use 
C)  Test internal controls 
D)  Examine completeness of financial records

Question 6

Use of modified accrual accounting:

Accepted Answer

A)  eliminates the need for keeping track of encumbrances during budget execution. 
B)  records expenditures when contractual payments are made. 
C)  records expenditures when materials are delivered 
D)  requires immediate depreciation of all capital assets. 
A)  eliminates the need for keeping track of encumbrances during budget execution. 
B)  records expenditures when contractual payments are made. 
C)  records expenditures when materials are delivered 
D)  requires immediate depreciation of all capital assets.

Question 7

Choose the best way to complete the statement: "A budget is…"

Accepted Answer

A)  a forecast for spending. 
B)  a plan for how to deal with problems. 
C)  a forecast for revenue collection. 
D)  an excuse for a big legislative party. 
A)  a forecast for spending. 
B)  a plan for how to deal with problems. 
C)  a forecast for revenue collection. 
D)  an excuse for a big legislative party.

Question 8

Place these stages in the budget cycle in the order in which they normally occur.

Accepted Answer

A)  Agency request, executive consideration, legislative consideration, audit, service delivery. 
B)  Executive consideration, agency request, legislative consideration, service delivery, audit. 
C)  Executive consideration, agency request, legislative consideration, audit, service delivery. 
D)  Agency request, executive consideration, legislative consideration, service delivery, audit. 
A)  Agency request, executive consideration, legislative consideration, audit, service delivery. 
B)  Executive consideration, agency request, legislative consideration, service delivery, audit. 
C)  Executive consideration, agency request, legislative consideration, audit, service delivery. 
D)  Agency request, executive consideration, legislative consideration, service delivery, audit.

Ubiquitous strategies for supporting budget proposals include:

Which of the following is an accurate statement about the relative size of government purchases and government spending?

Which of the following would not be a concern of a financial audit?

Agency X had an appropriation of $10 million in 2013 and of $11.5 million in 2014 an increase of $1.5 million or 15%). According to the incrementalist view, what is the 2014 budget base for the agency?

The purpose of a financial audit includes all of the following EXCEPT:

Use of modified accrual accounting:

Choose the best way to complete the statement: "A budget is…"

Place these stages in the budget cycle in the order in which they normally occur.

Fundamental Principles of Public Finance

Budget Methods and Practices

Federal Budget Structures and Institutions

State and Local Governments

Budget Classifications, Systems, and Reform: Trying to Make Better Choices

Capital Budgeting, Time Value of Money, and Cost-Benefit Analysis: Process, Structure, and Basic Tools

Taxation: Criteria for Evaluating Revenue Options

Major Tax Structures: Income Taxes

Major Tax Structures: Taxes on Goods and Services

Major Tax Structures: Property Taxes

Revenue From User Fees, User Charges, and Sales by Public Monopolies

Revenue Forecasts, Revenue Estimates, and Tax Expenditure Budgets

Intergovernmental Fiscal Relations: Diversity and Coordination

Debt Administration

Filters

Exam 2: The Logic of the Budget Process

Ubiquitous strategies for supporting budget proposals include:

Which of the following is an accurate statement about the relative size of government purchases and government spending?

Which of the following would not be a concern of a financial audit?

Agency X had an appropriation of $10 million in 2013 and of $11.5 million in 2014 an increase of $1.5 million or 15%). According to the incrementalist view, what is the 2014 budget base for the agency?

The purpose of a financial audit includes all of the following EXCEPT:

Use of modified accrual accounting:

Choose the best way to complete the statement: "A budget is…"

Place these stages in the budget cycle in the order in which they normally occur.

Fundamental Principles of Public Finance

Budget Methods and Practices

Federal Budget Structures and Institutions

State and Local Governments

Budget Classifications, Systems, and Reform: Trying to Make Better Choices

Capital Budgeting, Time Value of Money, and Cost-Benefit Analysis: Process, Structure, and Basic Tools

Taxation: Criteria for Evaluating Revenue Options

Major Tax Structures: Income Taxes

Major Tax Structures: Taxes on Goods and Services

Major Tax Structures: Property Taxes

Revenue From User Fees, User Charges, and Sales by Public Monopolies

Revenue Forecasts, Revenue Estimates, and Tax Expenditure Budgets

Intergovernmental Fiscal Relations: Diversity and Coordination

Debt Administration

Filters