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Question :
(a) The role of the Public Expenditure Management System (PEMS) is to allocate and use resources responsively, efficiently and effectively'. Briefly explain the above statement with particular emphasis on the highlighted terms. Your may illustrate your answer with examples.
(b) Revenue measures or systems can be classified as either progressive, or proportional, or regressive. Provide a short explanation of how each affects people with different economic levels.
(c) ‘Public accounting is often called fund accounting'. Explain what you understand by the term ‘fund accounting'.
(d) "What's the difference between national defence and pizza?", asked your public finance professor.
should a company pursue price hike or focus on increased sales
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The capability of an asset to be converted into cash as quickly as possible without any discount to its value.
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Typically in a bond, we find an inverse relation between the price and the required yield. We know that the price of the bond is the present val
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