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Government Financing Process
Public Accountability
Ethics in Government
Financial Management Activities and Skills
POTPOURRI
100
This type of tax is broad-based, progressive, and constitutes a major source of financing for national and state governments
What is Income Tax?
100
This is who government officials are accountable to in a democracy.
Who are the people?
100
Public offfic is a ___________.
What is a public trust?
100
This is an organized means for the collection, processing, transmission, and dissemination of financial information.
What is a Financial Management System?
100
This is also known as a sin tax
What is an excise tax?
200
A type of wealth tax.
What are real property, personal property, intangibles, and estate and inheritance taxes?
200
This has the effect of making one branch of government accountable to the others.
What is separation of powers?
200
This means being fair and impartial.
What is objectivity?
200
These integrate an organization's data and processes into a single unified system.
What are Enterprise Resource Planning Systems?
200
These are where the government's fundamental accountability to citizens is established.
What are constitutions and charters?
300
This type of tax is a major source of financing for most state government and many local entities.
What are consumption taxes? Ex: sales, use, excise, and value added.
300
This advances governmental accountability by disseminating information on governmental activities and results.
What are public interest groups or the mass media?
300
This means being free of relationships that impair one's ability to act with objectivity.
What is independence?
300
Other names for a Chief Financial Officer. (2)
What are chief fiscal officer, finance director, controller, and comptroller?
300
This type of behavior is self imposed.
What is ethical behavior?
400
Compared to other taxes, this type is less costly to administer and has high compliance rates.
What is income tax?
400
Technique to demonstrate accountability. (1 of 4)
What are oversight hearings, evaluations, reports, and audits?
400
This is what due care means.
What is possessing or obtaining the competence to perform assigned duties with reasonable care and diligence?
400
This is what a COOP is does.
What is it helps an entity sustain essential operations during minor disruptions or major disasters?
400
Using this type of financing or revenue one level of government can influence another.
What are grants?
500
These are two types are grants.
What are project (or discretionary) and formula grants?
500
The government is accountable for these things over the long term. (1 of 3)
What are stewardship of heritage assets, economic security, and defense of freedom?
500
This arises when a government employee has a stake in the outcome of official activities.
What is a conflict of interest?
500
These can help mitigate the the risks associated with financial systems.
What are fraud prevention programs?
500
This is the purpose of debt at state and local levels.
What is to fund capital improvements?