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The Capital Budgets of State and Local Governments Are Intended

Question 8

Multiple Choice

The capital budgets of state and local governments are intended to


A) provide a means of measuring performance.
B) plan for the costs of expensive items, such as hospitals, school buildings, and other expensive projects, that are not used up during a one-year period.
C) serve as an alternative to zero-based budgeting.
D) account for operating materials that are typically used up during a single year.

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