LICEO DE CAGAYAN UNIVERSITY

Rodolfo N. Pelaez Boulevard, Kauswagan

Cagayan de Oro City, Misamis Oriental

PUBLIC AND FINANCE

MIDTERM QUIZ 1

Submitted By:

Charrysah T. Tabaosares

BSBA – FM4

Submitted To:

Mario E. Temporada

Date Submitted:

October 09, 2020

Fill in the blanks.

1. The Budget Act of 1937 provided the basic framework for the modern budget system.
2. Performance Budgeting, the objects of expenditures are deemed as significant factors
in relation to what they are used for and not in relation to their specific character.
3. The Budget is made up for the most part by the detailed estimate of department and
agencies.
4. Performance Budgeting is an effective instrument for improving the management of
the government and for controlling the expenditure of public funds.
5. The development of an effective performance measurement system is an area that
is also important on the proper functioning of performance budgeting.
6. Units of work accomplishment relate to program goals of an agency which are
acceptable objectives of public policy.
7. Units of work results these measures are concerned for examples with the number of
students trained rather than the number of classes held.
8. Php 4.1 trillion is the proposed budget of 2020 by Pres. Duterte.
9. DepEd (Department of Education) is the government agency with the biggest
allocation in 2020.
10. The measurement of work performance is needed in the decision-making process at
the various management levels in government.