Republic of the Philippines

CAPIZ STATE UNIVERSITY

BURIAS CAMPUS
Burias, Mambusao, Capiz
www.capsu.edu.ph email address: burias@capsu.edu.ph

College of Management
Anna Mae Isoy ARCHILE C. ABOGADIE,DPA
BSBA III-FM Course Facilitator

Public Finance
FE 321

Chapter 1: THE ROLE AND SCOPE OF PUBLIC FINANCE

EVALUATION
1. TRUE
2. TRUE
3. FALSE. BECAUSE A PUBLIC WANTS ARE THOSE THAT CAN’T BE SATISFIED THROUGH THE
WORKING OF THE MARKET BECAUSE THEIR ENJOYMENT CAN BE MADE SUBJECT TO
PRICE PAYMENTS.
4.FALSE. BECAUSE A PRIVATE WANTS ARE THOSE THAT CAN BE SATISFIED.
5.TRUE
6.FALSE. BECAUSE PRIVATE FINANCE CANNOT BE AVAIL OF TTAXATION AND PRINTING MONEY
AS MEANS OF RAISING REVENUE.
7. TRUE
8. FALSE. PUBLIC DEBT DISCUSSES THE ECONIMIC ASPECTS OF GOVERNMENT BORROWING.
9.FALSE. PUBLIC EXPENDITURES, DEALS WITH THE VARIOUS THEORIES OF GOVERNMENT
SPENDING.
10. FALSE. PUBLIC REVENUES ANALYSES THE VARIOUS SOURCES OF GOVERNMENT REVENUE.

Chapter II: THE DEVELOPMENT OF PUBLIC FINANCE

EVALUATION
1. FALSE. BECAUSE THE HISTORY OF PUBLIC FINANCE IN THE PHILIPPINES SETTING IS TRACED
FROM THE PRE-SPANISH PERIOD.
2. TRUE
3. TRUE
4. FALSE. BECAUSE ITS THOMAS HOBBES WHO FORMULATED THE EXCHANGE THEORIES OF
PUBLIC FINANCE AND NOT WILLIAM FETTY.
5.TRUE
6. FALSE. BECAUSE IT SUPPOSE TO BE “COMMUNISM” AND NOT DEMOCRATIC
7. TRUE
8. TRUE
9. TRUE
10. FALSE. BECAUSE THE TAX ARE EXPECTED TO ACHIEVE THREE OBJECTIVES ONLY.

Chapter III: SOME THEORIES OF GOVERNMENT SPENDING

EVALUATION
1. TRUE
2. TRUE
3. FALSE. BECAUSE ALL THE FACTORS MAY REDUCED TO THREE CONDITIONS OF FULL
EMPLOYMENT GIVEN BY BEVERIDGE.
4. FALSE. BECAUSE CYCLICAL UNEMPLOYMENT ARE DEFINED AS LACK OF WORK CAUSED BY
BUSINESS CYCLECHANGES IN THE VOLUME OF WORK AVAILABLE.
5. FALSE. BECAUSE SEASONAL UNEMPLOYMENT ARE REFERS TO THE ARISING IN PARTICULAR
INDUSTRIESTHROUGH SEASONAL VARIATION IN THEIR ACTIVITY.
6. FALSE. BECAUSE UNEMPLOYMENTIS STRUCTURAL IF THERE IS UNEMPLOYMENT LABOR, BUT
HARDLY UNEMPLOYED PRODUCTIVE CAPACITY.
7. TRUE
8. FALSE. BECAUSE THIS OPERATION IS ACCORDING TO WAGNER AND NOT PARKINSON
9. TRUE
10. TRUE

Chapter IV: GOVERNMENT BUDGETING IN THE PHILIPPINES

EVALUATION
1. TRUE
2. TRUE
3. TRUE
4. TRUE
5. FALSE. BECAUSE THE TERM BUDGET MAY BE TRACED BACK TO THE LATIN WORD BULGA.
6. FALSE. BECAUSE BUDGET UNITY MEANS THAT ALL RECEIPT SHOULD BE RECOVERED IN TO
ONE GENERAL FUND FOR FINANCING ALL EXPENDITURE.
7. FALSE. BECAUSE THE DETAILED SPECIFICATION MEANS THAT RECEIPTS AND
APPROPRIATIONS SHOULD BE EXPRESSED IN DETAILED SPECIFICATION.
8. TRUE
9. FALSE. BECAUSE THE MANAGEMENT SERVICES WHO CONDUCT CONTINUING STUDIES ON
EFFECTIVE ORGANIZATION AND ADMINISTRATION.
10. FALSE. BECAUSE IT SUPPOSE TO BE CURRENT YEAR AND NOT PREVIOUS YEAR.

Chapter V: PERFORMANCE BUDGETING IN THE PHILIPPINES

EVALUATION
1. TRUE
2. FALSE. BECAUSE THE UPPER HOUSE OF CONGRESS ADOPTED SENATE RESOLUTION NO.
MAY 8, 1953
3. TRUE
4. TRUE
5. TRUE
6. TRUE
7. TRUE
8. FALSE. BECAUSE ITS SUPPOSE TO BE UNITS OF WORK ACCOMPLISHMENT RELATE TO
PROGRAM GOALS.
9 FALSE. BECAUSE ITS UNITS OF WORK RESULTS RELATE TO COMPLETE ACTIONS.
10. TRUE

Chapter VI: GOVERNMENT EXPENDITURES BY FUNCTION

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Chapter VII: TAX PRINCIPALES, THEORIES AND POLICIES

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Chapter VIII: SHIFTING AND INCIDENCE

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Chapter IX: TAXATION: INCOME AND WEALTH

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Chapter X: TAXATION: I NCOME AND WEALTH (OTHER TAXES)

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