Accounting and Budgeting Quiz

What does GAAP stand for?

• Generally Accepted Accounting Principles

• General Accounting and Auditing Practices

• Government Approved Accounting Procedures

• Global Accounting and Auditing Principles

What is a Contingency Fund used for?

• Unanticipated needs, usually assessable by one person

• Regular expenses, assessable by everyone

• Planned purchases, assessable by the public

• Routine maintenance, assessable by the department

Which of the following is NOT a basic part of the art of persuasion?

• Establishing credibility

• Using vivid language

• Ignoring the audience

• Identifying common ground

What is the BEST indicator for determining service demand?

• Modified Workload Analysis

• Functional Analysis

• Comparative Analysis

• Ratio Law Enforcement per 1000

What is the main focus of Functional Analysis?

• Positions, not people

• People, not positions

• Equipment, not tasks

• Tasks, not equipment

What is the role of the manpower calculator in service demand indicators?

• It uses workload data to determine service demand

• It calculates financial budgets

• It assesses employee satisfaction

• It predicts market trends

What is the purpose of Comparative Analysis?

• Comparing similar agencies

• Evaluating financial statements

• Analyzing customer feedback

• Reviewing employee performance

What is the final step in the budget cycle?

• Closure

• Initiation

• Planning

• Execution

Which of the following is NOT a component of the SMART principles?

• Measurable

• Attainable

• Reversible

• Time-Bound

What power do charters give to local governments?

• Ability to establish charters

• Ability to veto state laws

• Ability to print money

• Ability to declare war