Public Fiscal Administration refers to the formulation, implementation, and evaluation of policies and decisions on __________ and __________.

• budgeting

• public expenditures

A sound __________ creates a sound government, which in turn operates sound finances.

__________ is the systematic study that looks into causal relationships between events and facts, which is applied in the study of public finance.

Proper __________ and __________ of government resources are prime methods of safeguarding public funds.

• accounting

• audit

Fiscal policy involves government decisions on __________, __________, income generation, and borrowing.

• taxation

• expenditures

Which of the following is NOT included in the public sector?

• Local government units (LGUs)

• Government-owned and controlled corporations (GOCCs)

• Private multinational corporations

• National government agencies

The study of public finance is considered a science when it:

• Relies solely on intuition

• Adopts systematic investigation methods and measures principles objectively

• Focuses only on historical context

• Avoids any connection with other fields like ethics or sociology

The term "fiscal" primarily refers to:

• Diplomatic relations between nations

• Revenues and expenditures of political bodies

• Laws and regulations regarding social behavior

• Political ideologies and their effects on governance

What is the primary role of Public Fiscal Administration?

• To ensure the government can avoid collecting taxes

• To formulate and evaluate policies on budgeting, resource allocation, and debt management

• To increase public debt to finance private enterprises

• To focus on the ethics of private corporations' financial dealings

Which field examines the psychological impact of fiscal policies, such as increased taxation on individuals?

• Sociology

• Psychology

• Jurisprudence

• History