Chapter 2 - Seat work/Assignment # 2 Obligation

Due Mar 13 at 12:59pm Points 10 Questions 10 Appropriation

Available Jan 25 at 6am - Mar 13 at 12:59pm about 2 months Time Limit 30 Minutes
Correct! Allotment

Instructions
Choose the best answer.
Question 3 1 / 1 pts

Good luck
After receiving its obligational authority amounting to ₱4B, Entity A enters
“Do not be wise in your own eyes; fear the LORD and shun evil. “ (Proverbs 3:7) into binding agreements for the eventual payments of a total sum of ₱3B.
The “₱3B” event can be described as

Attempt History Disbursement authority

Attempt Time Score

Disbursement
LATEST Attempt 1 11 minutes 10 out of 10

Correct! Obligation

Score for this quiz: 10 out of 10

Allotment
Submitted Mar 11 at 1:39pm
This attempt took 11 minutes.

Question 1 1 / 1 pts
Question 4 1 / 1 pts

Which of the following would most likely comes first in the budget
process? It is a part, segment, unit or function of a government agency, headed by
a manager, who is accountable for a specified set of activities.

Budget accountability report

Correct! Responsibility Center
President’s enactment of the budget
No answer text provided.
Correct! Budget Call from the DBM
Responsibility Accounting
Presentation to the Office of the President
Budget Center

Question 2 1 / 1 pts
Question 5 1 / 1 pts

Entity A, a government entity, receives notice that out of its ₱10B

approved budget for the year, Entity A can incur obligations up to ₱4B in Entity A, a government entity, receives authorization to disburse funds not
the first quarter. This event can be described as to exceed ₱1B in a specified period. This event can be described as

Notice of Cash Allocation Appropriation

 No answer text provided. House Appropriation Committee and Senate Finance Committee

Correct! Notice of Cash Allocation

Correct! Development Budget Coordination Committee

Allotment

Question 9 1 / 1 pts

Question 6 1 / 1 pts
Entity A, a government entity, receives notice that for the current year, the
maximum amount it can spend on maintenance and other operating
Which of the following would most likely comes last in the budget expenses is ₱10B. This event can be described as
process?

Obligation
Correct! Performance review
Notice of Cash Allocation
Budget accountability reports
Allotment
Disbursements
Correct! Appropriation
Allotment

Question 10 1 / 1 pts
Question 7 1 / 1 pts

It is a part, segment, unit or function of a government agency, headed by

Which of the following approaches to budget preparation provides the a manager, who is accountable for a specified set of activities.
best internal control?

Revenue centers
Correct! Zero-based budgeting
Correct! Responsibility centers
Top-down budgeting
Cost centers
Incremental budgeting
Cost and Revenue centers
Zero-sum budgeting

Quiz Score: 10 out of 10

Question 8 1 / 1 pts

Who sets the budget parameters, including macroeconomic and fiscal

targets and agency budget ceilings?

Department of Budget and Management

Organization for Economic Cooperation and Development