Question 1

A state tax levied on a natural resource taken from the earth is the

Accepted Answer

A)   franchise tax.
B)   severance tax.
C)   special sales tax.
D)   corporate user tax.

Question 2

The second largest single expenditure item by functional class of the Texas government is

Accepted Answer

A)   debt service.
B)   public elementary and secondary education.
C)   public higher education.
D)   public assistance.

Question 3

Explain the state's role in helping students afford a higher education.

Accepted Answer

The state plays a crucial role in helpin...

Question 4

Describe the rules regarding government debt in Texas. Why does the government borrow when it does? Describe both positive and negative aspects of the way that Texas handles government borrowing.

Accepted Answer

In Texas, the rules regarding government...

Question 5

Identify and describe the various taxes imposed by the state of Texas to raise revenues. Identify the population that each tax targets and an approximation of which taxes raise the most revenues.

Accepted Answer

The state of Texas imposes various taxes...

Question 6

Which state program in Texas does not receive substantial federal funding?

Accepted Answer

A)   Public education
B)   Highways
C)   Teacher retirement
D)   Public assistance

Question 7

The "pay-as-you-go" system means that the Texas legislature must

Accepted Answer

A)   pay its bills on time.
B)   pass a surplus budget.
C)   borrow to pay its bills.
D)   not pass a deficit budget.

Question 8

The tax that produces the most significant amount of revenuein Texas is the

Accepted Answer

A)   general sales tax.
B)   selective sales tax.
C)   business franchise tax.
D)   gross receipts tax.

Question 9

Approximately what percentage of state expenditures goes to all education funding in Texas?

Accepted Answer

A)   15-20 percent
B)   25-30 percent
C)   35-40 percent
D)   45-50 percent

Question 10

Another name for the state's Economic Stabilization Fund is the

Accepted Answer

A)   general obligation fund.
B)   "pork barrel fund."
C)   "rainy day" fund.
D)   general revenue fund.

Question 11

The "toilet-to-tap" program describes

Accepted Answer

A)   the recycling of toilet water for human consumption.
B)   a water conservation program for low-flow toilets.
C)   a technology program that monitors home water consumption.
D)   a state grant program to fund water conservation efforts.

Question 12

Most major agency purchases are made through or are supervised by the

Accepted Answer

A)   Council on Competitive Government.
B)   comptroller of public accounts.
C)   Texas Procurement and Support Services.
D)   State Auditor's Office.

Question 13

The investment of state funds is currently handled by the

Accepted Answer

A)   comptroller of public accounts.
B)   State Auditor's Office.
C)   state treasurer.
D)   Legislative Budget Board.

Question 14

Texas may accrue state debt when it

Accepted Answer

A)   relies on federal funding.
B)   instituted a state-wide lottery system.
C)   passes a supplemental budget.
D)   issues general obligation or revenue bonds.

Question 15

If someone fails to claim their prize from the Texas Lottery within 180 days after a drawing the money is used to fund

Accepted Answer

A)   welfare programs.
B)   public education.
C)   gambling addiction treatment programs.
D)   hospitals for indigent care.

Question 16

Arguably the most influential budgeting organization in Texas is the

Accepted Answer

A)   Treasurer's Office.
B)   Legislative Budget Board.
C)   State Auditor's Office.
D)   Governor's Office of Budget and Planning.

Question 17

Describe the system of higher education funding at Texas colleges and universities. Explain how funding for community colleges differs from that of four-year institutions. Identify some of the controversies surrounding higher education funding.

Accepted Answer

The system of higher education funding a...

Question 18

The state's largest financial aid program is the

Accepted Answer

A)   Teach for Texas Fund.
B)   Texas Tomorrow Fund.
C)   Texas Tuition Equalization Grant Program.
D)   Texas Grant Program (Toward Excellence, Access, and Success) .

Question 19

Taxes that rely more heavily on revenues from higher incomes are known as

Accepted Answer

A)   flat taxes.
B)   progressive taxes.
C)   regressive taxes.
D)   nominal taxes.

Exam 13: Finance and Fiscal Policy

Another name for the state's Economic Stabilization Fund is the

Correct Answer
verified

The tax that produces the most significant amount of revenuein Texas is the

Correct Answer
verified

Most major agency purchases are made through or are supervised by the

Correct Answer
verified

A state tax levied on a natural resource taken from the earth is the

Correct Answer
verified

Explain the state's role in helping students afford a higher education.

Correct Answer
Answered by ExamLex AI
The state plays a crucial role in helpin...
View Answer

Approximately what percentage of state expenditures goes to all education funding in Texas?

Correct Answer
verified

Which state program in Texas does not receive substantial federal funding?

Correct Answer
verified

Describe the rules regarding government debt in Texas. Why does the government borrow when it does? Describe both positive and negative aspects of the way that Texas handles government borrowing.

Correct Answer
Answered by ExamLex AI
In Texas, the rules regarding government...
View Answer

The "toilet-to-tap" program describes

Correct Answer
verified

Describe the system of higher education funding at Texas colleges and universities. Explain how funding for community colleges differs from that of four-year institutions. Identify some of the controversies surrounding higher education funding.

Correct Answer
Answered by ExamLex AI
The system of higher education funding a...
View Answer

Taxes that rely more heavily on revenues from higher incomes are known as

Correct Answer
verified

The state's largest financial aid program is the

Correct Answer
verified

The "pay-as-you-go" system means that the Texas legislature must

Correct Answer
verified

The second largest single expenditure item by functional class of the Texas government is

Correct Answer
verified

If someone fails to claim their prize from the Texas Lottery within 180 days after a drawing the money is used to fund

Correct Answer
verified

Texas may accrue state debt when it

Correct Answer
verified

Arguably the most influential budgeting organization in Texas is the

Correct Answer
verified

The investment of state funds is currently handled by the

Correct Answer
verified

Identify and describe the various taxes imposed by the state of Texas to raise revenues. Identify the population that each tax targets and an approximation of which taxes raise the most revenues.

Correct Answer
Answered by ExamLex AI
The state of Texas imposes various taxes...
View Answer

Exam 13: Finance and Fiscal Policy

Another name for the state's Economic Stabilization Fund is the

Correct AnswerverifiedShow Answer

The tax that produces the most significant amount of revenuein Texas is the

Correct AnswerverifiedShow Answer

Most major agency purchases are made through or are supervised by the

Correct AnswerverifiedShow Answer

A state tax levied on a natural resource taken from the earth is the

Correct AnswerverifiedShow Answer

Explain the state's role in helping students afford a higher education.

Correct AnswerAnswered by ExamLex AIThe state plays a crucial role in helpin...View AnswerShow Answer

Approximately what percentage of state expenditures goes to all education funding in Texas?

Correct AnswerverifiedShow Answer

Which state program in Texas does not receive substantial federal funding?

Correct AnswerverifiedShow Answer

Describe the rules regarding government debt in Texas. Why does the government borrow when it does? Describe both positive and negative aspects of the way that Texas handles government borrowing.

Correct AnswerAnswered by ExamLex AIIn Texas, the rules regarding government...View AnswerShow Answer

The "toilet-to-tap" program describes

Correct AnswerverifiedShow Answer

Describe the system of higher education funding at Texas colleges and universities. Explain how funding for community colleges differs from that of four-year institutions. Identify some of the controversies surrounding higher education funding.

Correct AnswerAnswered by ExamLex AIThe system of higher education funding a...View AnswerShow Answer

Taxes that rely more heavily on revenues from higher incomes are known as

Correct AnswerverifiedShow Answer

The state's largest financial aid program is the

Correct AnswerverifiedShow Answer

The "pay-as-you-go" system means that the Texas legislature must

Correct AnswerverifiedShow Answer

The second largest single expenditure item by functional class of the Texas government is

Correct AnswerverifiedShow Answer

If someone fails to claim their prize from the Texas Lottery within 180 days after a drawing the money is used to fund

Correct AnswerverifiedShow Answer

Texas may accrue state debt when it

Correct AnswerverifiedShow Answer

Arguably the most influential budgeting organization in Texas is the

Correct AnswerverifiedShow Answer

The investment of state funds is currently handled by the

Correct AnswerverifiedShow Answer

Identify and describe the various taxes imposed by the state of Texas to raise revenues. Identify the population that each tax targets and an approximation of which taxes raise the most revenues.

Correct AnswerAnswered by ExamLex AIThe state of Texas imposes various taxes...View AnswerShow Answer

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verified

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Answered by ExamLex AI
The state plays a crucial role in helpin...
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Correct Answer
verified

Correct Answer
Answered by ExamLex AI
In Texas, the rules regarding government...
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Correct Answer
verified

Correct Answer
Answered by ExamLex AI
The system of higher education funding a...
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Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
Answered by ExamLex AI
The state of Texas imposes various taxes...
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