PAD370 - INTRODUCTION

Public financial administration in Malaysia involves which of the following levels of government?

• Only the federal government

• Federal, state, and local governments

• Only state governments

• Only local governments

Which of the following best describes an operating budget in Malaysia?

• Budget for recurrent expenditures such as salaries and supplies

• Budget for development projects under Malaysia Plans

• Budget for social services and public welfare

• Budget for international trade agreements

3. Accrual accounting records revenue when:

• The goods or services are paid for

• Cash is received

• The goods or services are delivered

• A purchase order is created

Direct taxes are imposed on:

• Spending on goods and services

• Income or assets of individuals or companies

• Consumption of imported goods

• Sales of luxury items

Which of the following best describes public procurement in Malaysia?

• Procurement that focuses only on international sources for goods and services

• Purchasing goods and services for public purposes from local suppliers

• A system where only federal government agencies are involved

• Private sector contracting

Performance audits are conducted to assess which of the following?

• Government employees' salaries

• Efficiency, effectiveness, and economy of government programs

• Allocation of government resources

• Only financial records and taxation policies

Public expenditure plays a role in:

• Increasing consumerism

• Reducing income inequality and reallocating resources

• Reducing the national debt

• Enhancing private sector investment

Which of the following is NOT a component of public financial administration?

• Tax administration

• Auditing

• Public education

• Budgeting

Direct purchase as a method of procurement in Malaysia is typically used for amounts:

• Exceeding RM500,000

• Below RM50,000

• Below RM10,000

• Exceeding RM100,000

A progressive tax is one where:

• Low-income earners pay a higher percentage of their income

• High-income earners pay a higher percentage of their income

• All individuals pay the same flat rate

• Taxes are applied only to property