Which of the following is true regarding line-item budgets? a. Line-item budgets refer to to budgets that authorize the manager to spend only up to the specified amount on each line item b. Line-item budgets reduce agency problems C. All of the answers are correct d. Line-item budgets reduce possible managerial opportunism and are prevalent in governments

Which of the following is true regarding line-item budgets? a. Line-item budgets refer to to budgets that authorize the manager to spend only up to the specified amount on each line item b. Line-item budgets reduce agency problems C. All of the answers are correct d. Line-item budgets reduce possible managerial opportunism and are prevalent in governments

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter22: Getting Divisions To Work In The Firm’s Best Interests

Section: Chapter Questions

Problem 10MC

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Budgeting and financial management are at the core of economic and public sector program in most nation. The Malaysian government budget theme for 2019 is "Credible Malaysian,dynamic economy, prosperous rakyat", focuses on institutional reforms,the people's wellbeing and promotion of entrepreneurial culture. (a) There are FOUR (4) types of budgeting system in public sector. Explain. i) Modified Budgeting System (MBB) ii) Traditional Budgeting System (TBS) iii) Outcome Based Budgeting (OBB) iv) Program and Performance Budgeting System (PPBS) (b) Analyze the advantages and disadvantages of the above FOUR (4) budgeting systems. (c) The Malaysian government aims to reduce the deficit in budget due to expenditure commitment by the previous administration (Star, 2 Nov 2018). Recommend THREE (3) initiatives to the government on how to tackle the problem.
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