The best approach to solve the problem of an annual budget deficit is to:
A)liquidate more assets than required to meet the budget shortfall for the year.
B)borrow funds on credit cards.
C)reduce flexible expenditures on nonessential items.
D)reduce fixed expenses.
E)reduce high-priority expenses on the budget.

Question

Quizplus · Accepted Answer

Reducing flexible expenditures on nonessential items is a practical approach to managing a budget deficit without impacting essential services or incurring additional debt.

The Best Approach to Solve the Problem of an Annual