Formal organizations have_______________?
Correct answer: A. clearly stated goals and policies
- A. clearly stated goals and policies
- B. no ranking of their members
- C. little durability
- D. no people in them
Explanation
A formal organization is deliberately structured around explicit objectives, rules, and policies. It normally has a membership hierarchy and can be durable, so the other options contradict its defining features.
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Government revenue and expenditure are analysed through taxation, public borrowing, budgets, subsidies, transfers and public debt. The topic explains how fiscal policy affects resource allocation, income distribution, economic stability and growth, while distinguishing direct from indirect taxes, progressive from regressive taxation, and public goods from goods supplied by private markets.
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