MIDTERM Budget class

Question 1

An ad valorem tax (Latin for “according to value”) is?

Answer 1

a tax based on the value of real estate or personal property

Question 2

A per unit tax, or specific tax, is what kind of Tax?

Answer 2

A per unit tax, or specific tax, is a tax that is defined as a fixed amount for each unit of a good or service sold, such as cents per kilogram

Question 3

Sumptuary laws are laws that

Answer 3

attempt to regulate permitted consumption. Black’s Law Dictionary defines them as “Laws made for the purpose of restraining luxury or extravagance, particularly against inordinate expenditures in the matter of apparel, food, furniture, etc

Question 4

What is a selective tax?

Answer 4

In the context of sales and use taxes, these are sales taxes confined to a particular commodity or a limited number of commodities, as distinguished from general sales taxes which apply to goods or commodities in general

Question 5

What are some examples of selective taxes?

Answer 5

sales tax imposed on cigarettes and tobacco products and gasoline and other petroleum products are selective taxes.

Question 6

Benefit based taxes

Answer 6

LOOK IT UP

Question 7

Lotteries

Answer 7

LOOK UP

Question 8

Workflow Analysis

.

Answer 8

A study of the way work (inputs, activities, and outputs) moves through an organization

Question 9

Inputs

Answer 9

People
Materials
Equipment

Question 10

Activities

Answer 10

Tasks and Jobs

Question 11

Outputs

Answer 11

Goods and Services

Question 12

Job redesign

Answer 12

Job redesign (Page 119)- Taking an existing job and changing it to improve it.

Question 13

Job design-

Answer 13

Organizing task, duties, responsibilities, and other elements into a productive unit of work

Question 14

Person-Job Fit-

Answer 14

(Page 121)- Matching characteristics of people with characteristics of jobs.

Question 15

Need Theory- Developed by Abraham Maslow’s hierarchy

Answer 15

1-Physiological needs
2-	Safety and security needs
3-	Belonging and love needs
4-	Esteem needs
5-	Self-actualization needs

Question 16

In Public Sector ______ is key. In Private Sector _______ is key

Answer 16

In Public Sector morale is key. In Private Sector satisfaction is key

Question 17

Effort Performance Expectation

Answer 17

Perception that more effort will lead to higher performance

Question 18

Performance reward linkage

Answer 18

Perception that the level of performance achieved will lead to the desired outcomes or rewards

Question 19

Value of rewards

Answer 19

refers to how valuable the rewards are to the employee. one determinant of employees willingness to exert effort is the degree to which they value the reward offered by the organization

Question 20

What is an apportionment

Answer 20

An apportionment is an OMB-approved plan to use budgetary resources. It typically limits the obligations you may incur for specified time periods, programs, activities, projects, objects, or any combination thereof.

Question 21

What is Impoundment?

Answer 21

Impoundment is an act by a Chief executive of not spending money that has been appropriated by the U.S. Congress

Question 22

Allotment.

Answer 22

An authorization by the head (or other authorized employee) of an agency to subordinate organizations to incur obligations within a specified amount

Question 23

pre-audit

Answer 23

Before an expenditure is made, a form of pre-audit is conducted. It ensures the funds are committed only for approved purchases and that the agency has sufficient resources in its budget to meet the proposed expenditure

Question 24

Audit and Execution. (Evaluation)

Answer 24

The final phase of the budget process. The main goal was to guarantee executive compliance with provisions of appropriations bills, particularly to ensure honesty in dispensing public monies.

Question 25

Who does the I.G. report to?

Answer 25

The Head of the Agency and the Legislative Branch

Question 26

The Government Accountability Office (G.A.O.)

Answer 26

(GAO) is an independent agency which provides to the United States Congress audit, evaluation, and investigative services. As such it is part of the legislative branch of the United States government.

Question 27

An inspector general is a what?

Answer 27

An inspector general is an investigative official in a civil or military organization. The plural of the term is “inspectors general”.In the United States, an inspector general leads an organization charged with examining the actions of a government agency, military organization, or military contractor as a general auditor of their operations

Question 28

House Resolutions

Answer 28

don’t know