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- If the government intends to increase the welfare of certain groups through special programs bytaxing all communities as the cost of the program, then the efficiency of cannot be achieved. A.Pareto / Pareto B.pasaran / market C.ekonomi / economy D.Kaldor-Hicks / Kaldor-HicksActivity 1 Answer the following questions. 1. Explain the importance of tax revenues. 2. Identify an external benefit that could be generated by the presence of a shopping mall for a local residents. ApplicationKindly explain. Suppose education has external benefits. Explain the implication of private schools being subsidized by the government. Could a better outcome be achieved if education were provided by the government?6. It is a redistribution of income and wealth through government making a payment,without goods or services being received in return a. Capital expenditure b. Consumption c. Utilization d. Transfer payments 7. The funds allocated to products and services used to satisfy citizens' needs are classified as ___________________ expenditures. a. Capital expenditure b. Consumption c. Utilization d. Transfer payments 8. Retirement programs, unemployment benefits, financial aid and other expenses that involve transfers of money are considered _________________. a. Capital expenditure b. Consumption c. Utilization d. Transfer payments 9. Transfer payments are included in the gross domestic product or GDP. a. True b. False c. Maybe 10.Which statement is NOT true? a. Government expenditure has direct control of a country's economic growth and businesses. b. investments in education and infrastructure are not likely to boost economic growth and labor productivity in the long run. c. Government…
- The primary objective of government or not for profit organizations like public schools, universities and hospitals are______________ a. None of the options b. Collecting tax from citizens c. Minimize the expenditure d. Maximise the revenueGovernmental entities have one major advantage over nor-for-profit organizations, what is it? O a. All of the choices are valid reasons The fact that the budget gives them clear guidance The right to collect real estate taxes O b. Oc. O d. Oe. The right to compel resources Backing of the federal governmentWhich of the following actions is a reason for privatizing government services? Select all that apply. To increase production efficiency To raise cash To improve service to the public To assist with economic growth in developing nation
- According to PAS 20 Accounting for Government Grants and Disclosure of Government Assistance, which of the following is a government grant? a. Tax benefits Free technical or marketing advice Public improvements that benefit the entire community Provision of guarantees Noninterest-bearing loan from the government According to PAS 20 Accounting for Government Grants and Disclosure of Government Assistance, which of the following is not a government grant? Aid from the government to compensate for casualty losses already incurred. Cash received from the government to be used to acquire land. Government procurement policy that is responsible for a portion of the entity’s sales. Aid from the government to defray expenses which are yet to be incurred.A not-for-profit organisation (for example, a university) will: Select one: O A. Be concerned with costs O B. Require non-quantifiable information O C. Try to plan future revenues O D. All of the above.Identify the following funding sources as primarily public or private.a. Municipal bondsb. Retained earningsc. Sales taxesd. Automobile license feese. Bank loansf. Savings accountsg. Engineer’s retirement planh. State fishing license revenuesi. Entrance fees to Disneylandj. State park entrance fees
- 4. SMEs account for government grants as follows (choose the incorrect statement): a. A grant that does not impose specified future performance conditions on the recipient is recognized in income when the grant proceeds are receivable. b. A grant that imposes specified future performance conditions on the recipient is recognized in income only when the performance conditions are met. c. Grants received before the revenue recognition criteria are satisfied are recognized as a liability. d. Government grants are measured at the fair value of the asset received or receivable or at nominal cost. 5. Borrowing costs that are directly attributable to the acquisition or construction of a qualifying asset are accounted for by an SME as a. Outright expenses b. Capitalizable costs c. a or b d. a component of other comprehensive incomeIf you wanted to introduce a new program into your institution utilizing a financial case to support it, which option would you choose, increased revenue ,or reduced cost? Why?d) There are many indicators that can be used to determine a community’s needs and resources. Which of the following is not a community needs and resources indictor? Group of answer choices 1: Attitudes toward taxes. 2: Local unemployment rate. 3: Property values. 4: Home ownership.