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Definition
| the process of allocating scarce resources among unlimited demands |
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Term
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Definition
| legally enacted, is an official dollars-and-cents plan of operation for a specific period of time |
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Term
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Definition
| management plans for businesses and governments; legally enacted they are laws in governments |
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Term
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Definition
| legal authorizations to incur expenditures for various purposes that also limit legal authorization for incurring expenditures for specific purposes |
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Term
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Definition
| considering encumbrances outstanding at year-end to be the equivalent of expenditures for budgetary purposes, and they compare the sum of expenditures and encumbrances with appropriations |
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Term
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Definition
| detailed or specific categories granted to an agency or departmental expenditure giving them more authority |
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Term
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Definition
| rationed expenditure authority to subordinate agencies or departments in terms of monthly or quarterly expenditure ceilings |
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Term
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Definition
| a 2 to 6 year long-term budgetary plan that include only the capital outlay plans for an organization |
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Term
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Definition
| those in which appropriations are for specific(fixed) dollar amounts of expenditures or expenses |
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Term
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Definition
| those in which expenditures or expenses are fixed per unit of goods or services but are variable in total according to demand for the goods or services |
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