Reference no: EM132959077

Problem 1: What is not a component of a Capital Improvement Plan?

a. past actuals

b. needs assessment

c. forecasts

d. current inventory

Problem 2: The audit and evaluation budget phase . . .

a. involves various people looking at a budget year to see what can be learned

b. starts when one or more central officials undertake actions to put an approved budget into effect

c. can include external financial audits conducted by accountants

d. All of the above

e. a and c, but not b

Problem 3: In comparison to property tax, most local income tax collections are_______.

a. higher

b. lower

c. a more reliable source of revenue

d. All of the above

e. None of the above