Part A Bourne (2008) mentions several reasons why the governments' tax income may be less than expected. These reasons are? a. Reduced Direct Foreign Investments and Unemployment, Natural disasters & short-term contraction of tourist demand and non- compliance of taxpayers. B.Natural disasters & short-term contraction of tourist demand C. Reduced Direct Foreign Investments and Unemployment d. Non-compliance of taxpayers Too many controls can be time consuming and expensive. When there are too many controls people will get "creative" and find ways of by-passing the controls. Select one: True or False There are two parties involved in the budget process, they are: a. The Minister of Finance and the Financial Secretary b. The Executive and the Legislative c. The governing party and the opposition party d. The public accountancy body and the Public Accounts Committee What is the impact of poor government accounting? 1. Economic Stability 2. Government scandals 3. Poor public services 4. Confidence in government a. 2 and 3 above b. 1 and 2 above c. All of the above d. 1 and 4 above
Part A Bourne (2008) mentions several reasons why the governments' tax income may be less than expected. These reasons are? a. Reduced Direct Foreign Investments and Unemployment, Natural disasters & short-term contraction of tourist demand and non- compliance of taxpayers. B.Natural disasters & short-term contraction of tourist demand C. Reduced Direct Foreign Investments and Unemployment d. Non-compliance of taxpayers Too many controls can be time consuming and expensive. When there are too many controls people will get "creative" and find ways of by-passing the controls. Select one: True or False There are two parties involved in the budget process, they are: a. The Minister of Finance and the Financial Secretary b. The Executive and the Legislative c. The governing party and the opposition party d. The public accountancy body and the Public Accounts Committee What is the impact of poor government accounting? 1. Economic Stability 2. Government scandals 3. Poor public services 4. Confidence in government a. 2 and 3 above b. 1 and 2 above c. All of the above d. 1 and 4 above
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Part A
Bourne (2008) mentions several reasons why the governments' tax income may be less than expected. These reasons are?
a. Reduced Direct Foreign Investments and Unemployment , Natural disasters & short-term contraction of tourist demand and non- compliance of taxpayers.
B.Natural disasters & short-term contraction of tourist demand
C. Reduced Direct Foreign Investments and Unemployment
d. Non-compliance of taxpayers
Too many controls can be time consuming and expensive. When there are too many controls people will get "creative" and find ways of by-passing the controls.
Select one:
True or
False
There are two parties involved in the budget process, they are:
a. The Minister of Finance and the Financial Secretary
b. The Executive and the Legislative
c. The governing party and the opposition party
d. The public accountancy body and the Public Accounts Committee
What is the impact of poor government accounting?
1. Economic Stability
2. Government scandals
3. Poor public services
4. Confidence in government
a. 2 and 3 above
b. 1 and 2 above
c. All of the above
d. 1 and 4 above
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