Budget deficit - Study guides, Class notes & Summaries

ECN Exam 3 Questions with 100% Correct Answers New Update What's the difference between a budget deficit, a balanced budget, and a budget surplus? - Answer- When a government spends more than it collects in taxes, it is said to have a budget deficit. When a government collects more in taxes than it spends, it is said to have a budget surplus. If government spending and taxes are equal, it is said to have a balanced budget. Have spending and taxes by state and local governments in the Uni...

True - ️️T/F: Due from State of New Jersey for Senior citizen Deductions can be anticipated as a revenue in the current fund budget as non-cash surplus retirement of serial bonds - ️️Trust Assessment Fund cash is first pledged to: quarterly basis - ️️Municipal Library Levy is paid on a True - ️️T/F: budget transfers from Capital Improvement Fund are not permitted Corrective Action Plan - ️️Finding/Condition; Recommendation; explanation & corrective action; impleme...

True or False: The ACA requires that all providers adopt a compliance plan as a condition of enrollment with Medicare, Medicaid, and Children's Health Insurance Program (CHIP). - Answer- True ref. ACA section 6102 According to HHS-OIG - what are three important reasons for proper documentation in Compliance? (hint: protections) - Answer- 1.Protect our programs 2.Protect your patients 3.Protect the Provider At which level of the Medicare Part A or Part B appeals process is the app...

Brokerage Set 1 Question and answers already passed A budget ______ means that you've overspent your overall budget. Deficiency Deficit Overage Overrun - correct answer Deficit - You've spent more than you've earned What type of analysis can help you decide what office systems are best for your brokerage? Financial Analysis Market Analysis Survey of popular office systems by other brokerages Workflow Analysis - correct answer Market Analysis Belinda is a licensee whose clien...

HCCA - CHC Study Questions/ Content covers each compliance program element, HIPAA terms, compliance related laws & regulations, study materials, and general definitions and acronyms/ 198 Q&A. Which of the following requires providers to be permanently excluded from all federal health care programs if found guilty of a healthcare related fraud a third time: a. Deficit Reduction Act of 2005 b. False Claims Act c. Balance Budget Act of 1997 d. Social Security Act section 1128 - Answer: c. B...

Budget deficit -:- Amount of money coming in falls below the amount spent (government) Revenues -:- Money the government brings in from taxes User fees -:- Charges levied by governments in exchange for services. Such fees constitute a type of hidden tax. Excise (sin) taxes -:- Taxes on alcohol, tobacco, and other similar products that are designed to raise revenues and reduce use. Estate taxes -:- Taxes levied on a person's estate or total holdings after that person's death ...

Senior economists in the Executive Office of the President prepare agency budgets and submit them to Congress for approval. True or false? correct answers False. The Office of Management and Budget (within the Executive Office of the President) provides guidance to agencies regarding assumptions to use in preparing the budget. However, the agencies prepare the first draft budget and then consult with OMB. After consultation and revision, the president's budget is submitted to Congress by OMB. C...

CDFM MODULE 3.1 What is the basic axiom of Fiscal Law? - ANSWER- The established rule is that the expenditure of public funds is proper only when authorized by Congress, not that public funds may be expended unless prohibited by Congress. U.S. vs McCollum (1976) "Where can the most authoritative source of information on the proper use of appropriated funds be found? Who is it published by?" - ANSWER- Principles of Federal Appropriations better known as the Red Book-- published by the GA...

Fiscal Policy - Answer the use of government spending and revenue collection to influence the economy what fiscal policy involves - Answer the government changing the levels of taxation and government spending in order to influence Aggregate Demand (AD) and the level of economic activity. Aggregate Demand - Answer the total level of planned expenditure in an economy (AD = C+ I + G + X - M) purposes of Fiscal Policy - Answer - Stimulate economic growth in a period of a recession....

WISE Vocabulary Question and answers already passed 2024/2025 WISE Vocabulary Budget - correct answer (Noun) A plan for managing income and expenses (Verb) To plan or to manage income and expenses Income - correct answer Earnings or payment received for resources provided such as labor Expenses - correct answer Costs incurred or the spending of money Fixed Expenses - correct answer Expenses or amounts you have already committed to spending that generally stay the same from m...