PADM 462 Quiz Final

PADM 462 Quiz: Final

Covers the Learn material from Module 5: Week 5 — Module 8: Week 8.

1. How do partisan politics influence the public budgeting process and the implementation of a public budget?
2. Accountability is increasingly a focal point in public administration. Why are public agencies subjected to greater accountability than the private and non-pro[t sectors? Is this emphasis on budget accountability constructive or more of an unnecessary nuisance? Discuss some of the ways localities as well as the state and federal government attempt to demonstrate accountability.
3. Liquidity is measured by dividing the following
4. The formula debt-to-asset ratio= total liabilities in a ratio analysis measures
5. On way states may choose to balance their budget is by
6. The following are examples of mandatory spending except
7. In order, identify the five budgetary decision clusters
8. A(n) ________________ statement is a profit-and-loss statement.
9. The primary source of local tax revenue is
10. States are facing challenges in part because of a sluggish economy and because of future liability. An example of a future liability for a state or locality is
11. One different between federal budgeting and local budgeting is that the local budgeting process tends to be more
12. Municipal bonds are issued by states and localities to do which of the following
13. The federal budget reflects the partisan conflict over the appropriate size of government. If you are a liberal, you may want to __________________ taxes to pay for social welfare programs. If you are a conservative, you may want to ____________________programs to balance the budget and restrain the size of government.
14. and _________________ are the two major types of municipal bonds used by government entities.
15. _____________ is an example of a current asset
16. A large share of both municipal and county budgets is devoted to:
17. ___________________fund capital projects
18. The _______branch of government sets the agenda and established priorities to which the __________________branch of government must react.
19. The federal budget is potentially a means of controlling the economy. ________________ policy focuses on taxing and spending and is controlled by
20. Using this type of analysis, allows for an enhanced understanding of the liquidity and financial solvency of an entity.
21. A _______________ is the summary of the financial balances held by an organization at a specific time.
22. Solvency is
23. The formula working capital=current assets -current liabilities
24. Budgeting for performance in a governmental entity is:
25. Ethics in public budgeting represent a _________________ code of conduct while morals represent _______beliefs
26. What is the difference between the national debt and the federal de[cit?
27. ____________ are tangible items bought with revenues.
28. In a state or local government, the budget for which of the following most likely occurs first?
29. GASB provides government entities with
30. What kind of capital projects receive priority?
31. A ______________statement of financial position for a time- assets, liabilities, and net assets.
32. This state is the only one that does not require a balanced budget
33. is when the quantity of money seeking to purchase services and good increases faster than quantity of goods offered
34. In a state or local government, the budget for which of the following most likely occurs first?
35. ____________ are tangible items bought with revenues.
36. The following are examples of mandatory spending except
37. _____________ is an example of a current asset
38. The primary source of local tax revenue is
39. One different between federal budgeting and local budgeting is that the local budgeting process tends to be more
40. This state is the only one that does not require a balanced budget
41. and _________________ are the two major types of municipal bonds used by government entities.
42. Budgeting for performance in a governmental entity is: