The best approach to solving the problem of an annual budget deficit is generally to:
A) liquidate more assets than the budget shortfall for the year.
B) borrow funds on credit.
C) reduce flexible expenditures.
D) reduce fixed expenses.
E) reduce high priority expenses from the budget.

Question

Quizplus · Accepted Answer

Reducing flexible expenditures is often the most practical approach to addressing a budget deficit, as these are non-essential and can be adjusted without significantly impacting essential services or obligations.

The Best Approach to Solving the Problem of an Annual