Chapter 16, Problem 4AA

To determine

To choose: The term that best completes the given sentence.

Answer to Problem 4AA

The term that best completes the given sentence is ‘submit’.

Explanation of Solution

Decision-making should have boundaries that the firms will abide. Also, if it doesn't schedule budget in advance and build it on-the-spot, then disputes and internal problems start to emerge. So, the answer is ‘e-submit’.

It is the obligation of each agency to include the supporting materials from which the specifics of the account and programme in the Budget Appendix are prepared. To ensure that they conform to uniform conventions and formats, OMB Circular A-11 provides specific guidance on their preparation. OMB ask each agency to submit its budget early so that it can avoid disputes in the execution of a budget

Economics Concept Introduction

Introduction: The office of management and budget (OMB) is the main office in the United States President's Executive Office. It helps the President handle the planning of the federal budget and manages the operation of the agencies of the department of Executive. Other essential functions of OMB are: Administration, procurement, management, synchronization, financial management, information and regulating policies.