
LARGE_Session 1
Authored by Gina Misoles
World Languages
Professional Development
Used 1+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Expenses include personnel services, maintenance and other operating expenses and capital outlay.
TRUE
FALSE
Answer explanation
EXPENDITURES, not expenses, include personnel services, maintenance and other operating expenses and capital outlay.
2.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Budgeting is part of the process of appropriation.
TRUE
FALSE
Answer explanation
It should be “Appropriation is part of the process of budgeting.”
3.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
When an agency is operating under a reenacted budget, disbursements are based on the budget of the current year.
TRUE
FALSE
Answer explanation
When an agency is operating under a reenacted budget, disbursements are based on the budget of the preceding year.
4.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
The Sangguniang Panlalawigan reviews the budget of component cities and municipalities.
TRUE
FALSE
5.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
The Annual Budget of the Agency takes effect at the beginning of the fiscal year.
TRUE
FALSE
6.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Supplemental Budget may be made if estimated income exceeds actual income.
TRUE
FALSE
Answer explanation
Supplemental Budget may be made if actual income exceeds estimated income.
7.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Budget for vacant positions and leaves of absence without pay may be a source of savings of the agency.
TRUE
FALSE
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