Answer:
C. State governments submit their budget proposals.
Explanation:
The Federal budget is a budget for the entire country. It is an estimate of the expected government revenue and expenditure for a fiscal year.
The first step in the federal budget preparation involves submitting proposals by the government department and agencies. These are the federal agencies such as security agencies. They submit their expenditure proposal to the Whitehouse. All agencies' proposals make up part of the president's budget request.
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Answer:
The answer is A. resources are shared by more than one product or service.
Explanation:
Indirect cost are costs that are not directly related or traced to any product or activity. They are shared or used by more than one activities. Examples include, Adminstrative expenses, advertising expenses, telephone expenses, rent, office expenses etc.
Like direct cost, indirect cost can be fixed or variable.
Indirect costs are used by business as a whole and not just limited to a particular product.
Option B is not correct. Cost that are directly traced or related to a product is known as direct material. For example, direct labour and direct material used to produce a particular good.
Option C and D are also wrong
