Deck 8: Public Financial Management Corruption

Question 1

In medieval England, the concept of a budget refered to:

A) deficit spending
B) PPBS or ZBB
C) trials before the King's Bench
D) a purse of the Chancellor of Exchequer

Answer 1

D

Question 2

Against what system of political economy did the American colonists revolt?

A) Capitalism of King George
B) Mercantilism of Mother England
C) Macro-economics of John Maynard Keynes
D) Institutional economics of Thorstein Veblen

Answer 2

B

Question 3

In a capitalist system of political economy:

A) the laws of supply and demand set prices and drive production
B) there is private control of industry
C) there is little or no regulation of industry
D) all of the above are correct

Answer 3

A

Question 4

John Maynard Keynes' approach to government economics holds that:

A) government should reduce its role in the economy
B) government should increase its role in war-time economy
C) government may regulate income taxes, but not sales taxes
D) government may regulate the economy by the amount it spends

Question 5

Taxes that may be levied to collect government revenues may include:

A) individual income taxes
B) corporate income taxes
C) sales taxes
D) all of the above

Question 6

A proposal for government action, defined in financial terms, giving a statement of revenues and expenditures, is called the:

A) public debt
B) budget
C) capital budget
D) Keynesian document

Question 7

The budget cycle in financial budgeting includes the steps of:

A) agency preparation
B) executive purchasing
C) legislative automation
D) all of the above

Question 8

What public financial management approach was designed for agency heads to establish program and funding objectives and then require a process toward accomplishing those objectives?

A) zero-base budgeting
B) performance-based budgeting
C) management by objectives
D) all of the above are correct

Question 9

Can the USA President veto a Congressional Budget Resolution?

Question 10

Zero-Based Budgeting (ZBB) was first used in government by:

A) Governor Abbot of Texas
B) Governor Reagan of California
C) Governor Carter of Georgia
D) President Nixon

Question 11

Federal agencies overseeing the budget process have included:

A) Bureau of the Budget (BOB)
B) Office of Management and Budget (OMB)
C) Congressional Budget Office (CBO)
D) all of the above

Question 12

Budgeting perspectives treating last year's appropriation as a base:

A) incrementalism
B) budget authority
C) impoundment
D) supplemental appropriation

Question 13

The process of government budgeting involves agency preparation, executive formulation, legislative actions, execution & control, and review and audit. This statement is:

Question 14

An approach to budgeting infamously used by the U.S. Department of Defense during the Vietnam War and called "PPBS":

A) performance budgeting
B) program budgeting
C) zero-based budgeting
D) incrementalism

Question 15

An approach to budgeting that emphasizes efficiency and uses a separate entry for each subject category of spending is:

A) line-item budgeting
B) program budgeting
C) zero-based budgeting
D) incrementalism

Question 16

The traditional perspective on the nature of corruption that focuses on individual rotten-apples:

A) the personalistic perspective
B) the institutional perspective
C) the systemic perspective
D) all of the above are correct

Question 17

Anti-corruption reforms in public financial management may include:

A) conflict of interest reporting
B) RICO statutes to seize monies or property obtained by corruption
C) transparency, public participation and oversight
D) all of the above are correct