Question
Which of the following statements about government costing is true? Costing is less important for governments than for businesses because governments are not profit-oriented, and
Which of the following statements about government costing is true?
Costing is less important for governments than for businesses because governments are not profit-oriented, and revenues mainly taxes are generally well-defined and easy to calculate. | ||
Costing government services is too complex an exercise for the limited benefits that result from it. | ||
Government is able to be more flexible and less stringent about costs due to its ability to pass legislation requiring those receiving government services to cover most or all of its costs through user/service fees. | ||
Governments have limited ability to raise revenues and so must focus on being as efficient and economic as possible in their spending. |
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