EN-PF2

EN-PF2

University

25 Qs

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EN-PF2

EN-PF2

Assessment

Quiz

Business

University

Practice Problem

Medium

Created by

Jamea Abe

Used 3+ times

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25 questions

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1.

OPEN ENDED QUESTION

45 sec • 1 pt

NAME: (SURNAME, GIVEN NAME, MI.)

Evaluate responses using AI:

OFF

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Stated below are the four components of Public Finance, except for:

Tax Collection

Government Expenditures

Budget

Deficit/Surplus

None of the Above

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Government budgeting is the critical exercise of allocating revenues and borrowed funds to attain the economic and social goals of the country.

True

False

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What defines quasi-government institutions?

They are fully integrated parts of the government's administrative structure.

They are owned and operated solely by private entities.

They undertake public missions but may operate partly in a private capacity.

They are independent entities that have no connection to any government.

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The following three (3) functions of the government, except

Allocation

Distribution

Amortization

Stabilization

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What does public finance encompass?

Management of private sector businesses

Management of a country's revenue, expenditures, and debt load

Management of personal finances

Management of charitable organizations

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the primary goal of public finance?

To maximize government revenue

To control the expenses of earning money

To minimize government objectives

To reduce taxable income

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