How does funding for the public sector influence budget predictability?
Answer
Budgets are relatively predictable year-to-year, subject to legislative approval
Public sector entities are primarily funded by tax dollars and government appropriations, which makes their budgets relatively predictable year-to-year, although subject to legislative approval.
Related Questions
What is the primary directive of organizations within the public sector?What are the main sources of funding for the private sector?Compared to the private sector, job security in the public sector is generally associated with what characteristic?What characterizes the typical pace of work and decision-making in the public sector environment?What is the overarching operational goal of organizations in the private sector?How does funding for the public sector influence budget predictability?Regarding operational flexibility, what level of oversight generally governs the private sector?How does career advancement typically occur in the public sector structure?What often defines the focus of the total compensation package for public sector employees?Where is accountability and decision-making authority typically dispersed in the public sector?For private sector employees, performance metrics are often tied directly to what?Which of the following is explicitly included in the definition of the public sector?