The following are key terms in Chapter 10 that relate to analysis of governmenta

Question

The following are key terms in Chapter 10 that relate to analysis of governmental financial performance: A. Benchmarking B. Budgetary solvency C. Cash solvency D. Economic condition E. Financial condition F. Financial position G. Fiscal capacity H. Long-run solvency I. Service capacity J. Service-level solvency For each of the following definitions, indicate the key term from the list above that best matches by placing the appropriate letter in the blank space next to the definition. 1. The probability that a government will meet its financial obligations as they become due and its service obligations to constituencies. 2. A composite of a government

Explanation / Answer

1. The probability that a government will meet its financial obligations as they become due and its service obligations to constituencies. (F. Financial position) 2. A composite of a government’s financial health and its ability and willingness to meet its financial obligations and its commitments to provide services. (D. Economic condition) 3. The method of indentifying a number than represents a target to which actual results are compared, or a basis for comparison. (A. Benchmarking) 4. The government’s ongoing ability and willingness to raise revenues, incur debt, and meets its financial obligations as they become due. (E. Financial condition) 5. The adequacy of cash and short-term claims to cash to meet current obligations and those expected in the near future. (B. Budgetary solvency ) 6. A government’s ability to provide services at the level and quality that citizens desire. (I. Service-level solvency) 7. A government’s ability to generate enough cash over a 30- or 60-day period to pay its bills. (C. Cash solvency)

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.