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Question
Departmental Organisation is financed through ______ Appropriations made by the legislature.
Options
Annual budget
monthly budget
quarterly budget
MCQ
Fill in the Blanks
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Solution
Departmental Organisation is financed through Annual budget Appropriations made by the legislature.
Explanation:
A departmental organisation receives funds directly from the government. These funds are allocated every year through the annual budget passed by the legislature. All expenses of the department are met from these yearly budgetary provisions.
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Chapter 5: Forms of Business Organisation - II - EXERCISE [Page 112]
