Question 1
What is defined as a fiscal and accounting entity with a self-balancing set of accounts recording resources together with liabilities and charges?
◦ fund
◦ fiduciary
◦ ledger
◦ spreadsheet
◦ capital
Question 2
What is necessary for establishing broad goals to guide government decision making during the budget process?
◦ developing programmatic, operating, and capital policies and plans
◦ identifying opportunities and challenges for government services, capital assets, and management
◦ monitoring, measuring, and evaluating performance
◦ developing a process for preparing and adopting a budget
◦ developing management strategies