Which of the following statements is typical of the requirements enacted by governments regarding the execution phase of the budget process?
A) No department shall spend more than 95 percent of the sum appropriated.
B) No department shall spend more than 105 percent of the sum appropriated.
C) No department shall spend more than the sum appropriated
D) Departments may spend more than the sum appropriated, provided the department manager obtains retroactive approval from the budget director.
Correct Answer:
Verified
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