MC-Class-RevenueBud Process

MC-Class-RevenueBud Process - 1 MULTIPLE CHOICE QUESTIONS...

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1 MULTIPLE CHOICE QUESTIONS REVENUE BUDGET PROCESS Select the most appropriate answer for each of the following questions from the list provided. 1. The federal budget is prepared: (a) on the accrual basis (b) on February 22 of each year (c) on the cash basis (d) by the Prime Minister (e) none of the above 2. The “expenditure budget”: (a) is synonymous with the “revenue budget” (b) is often referred to as the “main estimates” (c) is prepared by the auditor general (d) is presented to Parliament on September 1 of each year (e) none of the above 3. The consultation process prior to the presentation of the federal budget: (a) has always existed as a two-way flow of information between Finance officials and interested outsiders (b) commenced with the February 22, 1994 budget (c) is not open to input from individual taxpayers (d) became much more extensive following the November 12, 1981 budget (e) none of the above 4. Throughout the budget process, the principal role of the Prime Minister is to:
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MC-Class-RevenueBud Process - 1 MULTIPLE CHOICE QUESTIONS...

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