Fiscal administration - Study guides, Class notes & Summaries

Loan-to-Value Ratio (LTV) - correct answer The percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. Package Mortgage - correct answer Includes both real and personal property ( fixtures and furnishings) Blanket Mortgage - correct answer Covers more than one piece of property. Wraparound Mortgage - c...

NCTRC Exam FINAL EXAM LATEST UPDATE 2024 PASS+ The CTRS is instructed to prepare a zero-based budget for the upcoming fiscal year. This means that the CTRS A. adds a certain percentage to last year's budget to calculate this year's budget B. receives no salary raise for the upcoming year C. builds this year's budget from scratch D. must negotiate with other departments to get more money in the budget - CORRECT ANSWER-C. builds this year's budget from scratch All of the following ...

Question 1 In order to realign local government with the Constitution, a number of new local government law principles were created. “Non-racial democratic government” is an example of a new local government law principle. Name and briefly describe another five new local government law principles. [10] • Local government within a system of cooperative government √ - Local government forms part of the general government system. √ • New boundaries for municipalities √ - ...

Accountability correct answers - the concept of being responsible for one's actions, decisions, and the outcomes of those actions. It often involves transparency, answerability, and consequences for actions taken. - Accountability is a fundamental principle of good governance. It ensures that public officials are answerable to the citizens they serve, promoting transparency, trust, and the responsible use of public resources Classic Dilemma of Public Administration: correct answers - refers...

GENERAL PRINCIPLES OF TAXATION EXAM 2024/2025 WITH COMPLETE SOLUTIONS TAXATION AS STATE POWER - Correct Answer Inherent power of the State to enforce a proportional contribution from its subjects for public purpose PRINCIPLES OF A SOUND TAX SYSTEM - Correct Answer a. Fiscal adequacy. b. Equality or theoretical justice. c. Administrative feasibility. Fiscal Adequacy - Correct Answer Revenue must be sufficient to meet the demands of public expenditures. Theoretical Justice - Correct An...

purpose of financial management - Answer properly execute the legal and administrative responsibilities of funds Defense Finance and Accounting Service (DFAS) - Answer official accounting firm of the DOD two things needed IOT have any of the fiscal roles/responsibilities - Answer 1. appointment letter signed by CO 2. DD577 (also note that NAVMC 11869 DOA is part of the financial process) Comptroller - Answer special staff officer to MSC CG provides guidance and direction conc...

POSC 100 CSULB EXAM 1State Vs Government - correct answer A government is the political administration of a country or state. A state is the geographic entity that has a distinct fiscal system, constitution, and is sovereign and independent from other states as recognized by them. Types of Government - correct answer autocracy, oligarchy, democracy John Locke "Social Contract" - correct answer Enlightenment thinker John Locke applied reason to politics and society. Locke argued tha...

POSC 100 CSULB EXAM 1 Question and answers already passed 2024 POSC 100 CSULB EXAM 1 State Vs Government - correct answer A government is the political administration of a country or state. A state is the geographic entity that has a distinct fiscal system, constitution, and is sovereign and independent from other states as recognized by them. Types of Government - correct answer autocracy, oligarchy, democracy John Locke "Social Contract" - correct answer Enlightenment thin...

Cannon CTFA Prep Questions with complete Answers 2023 Jean and John Simmons are married and own their own home as tenants by entirety. When John dies the home is valued at $350,000. How much will be counted in his gross taxable estate? A. None, as it passes directly to his spouse, Jean. B. $175,000 - or one-half of the value C. $225,000 - or the full amount minus the $125,000 one-time exclusion for capital gains on a person residence. D. $350,000 - the full amount is includable. B. $175,...

TEST BANK for Macroeconomics in Modules, 3rd Edition by Paul Krugman, Robin Wells. All Chapters (Complete download). 1248 Pages Test Bank for Macroeconomics in Modules, 3e Paul Krugman, Robin Wells (All Chapters) Chapter 1 1. Scarcity in economics means: *a. we do not have sufficient resources to produce all the goods and services we want. b. the wants of people are limited. c. there must be poor people in rich countries. d. shortages exist in nearly all markets. 2. If resources ar...