I. Maximum social benefit/optimal benefit. Government spending should benefit as many people as possible.
II. Flexibility. Should be elastic enough to accommodate changing circumstances.
III. Economy. Should be capable of being changed to accommodate prevailing economic circumstances.
IV. Equity. Should aim at distributing incomes fairly.
V. Sanction. Government spending must be approved by the relevant authority to enhance accountability.
VI. Accounting. Proper accounting records should be kept to facilitate good financial management.
VII. Productivity. A larger proportion of the national income should be spent on development projects.
VIII. Surplus. Expenditure should be less than the total revenue collected.
IX. Elasticity - should be capable to being expanded/contracted depending on the size of the economy.
lemass answered the question on February 14, 2019 at 16:12
- Disadvantages that a developing country may suffer by liberalizing foreign trade (Solved)
Disadvantages that a developing country may suffer by liberalizing foreign trade
Date posted: February 14, 2019. Answers (1)
- Sources of finance for a public limited company apart from the sale of shares include:(Solved)
Sources of finance for a public limited company apart from the sale of shares include:
Date posted: February 14, 2019. Answers (1)
- Factors that may have caused a decline in the demand for Wooden furniture(Solved)
Factors that may have caused a decline in the demand for Wooden furniture
Date posted: February 14, 2019. Answers (1)
- Outline six characteristics that distinguish entrepreneurs from ordinary business people. (Solved)
Outline six characteristics that distinguish entrepreneurs from ordinary business people.
Date posted: February 13, 2019. Answers (1)
- Identify and explain two possible reasons why a government might decide to keep the country's postal services to the public sector (Solved)
Identify and explain two possible reasons why a government might decide to keep the country's postal services to the public sector.
Date posted: February 13, 2019. Answers (1)
- Explain four barriers to effective communication caused by the receiver.(Solved)
Explain four barriers of effective communication caused by the receiver.
Date posted: February 4, 2019. Answers (1)
- State four effects of poor communication to an organisation.(Solved)
State four effects of poor communication to an organisation
Date posted: February 4, 2019. Answers (1)
- State three organisational barrier to effective communication.(Solved)
State three organisational barriers to effective communication.
Date posted: February 4, 2019. Answers (1)
- Highlight three challenges of horizontal communication.(Solved)
Highlight three challenges of horizontal communication.
Date posted: February 4, 2019. Answers (1)
- Identify three ways in which a firm can improve the employees' work environment.(Solved)
Identify three ways in which a firm can improve the employees' work environment.
Date posted: February 4, 2019. Answers (1)
- Outline four measures that an employer can take to ensure safety in the workplace.(Solved)
Outline four measures that an employer can take to ensure safety in the workplace.
Date posted: February 4, 2019. Answers (1)
- Explain four principles of an effective office system.(Solved)
Explain four principles of an effective office system.
Date posted: February 4, 2019. Answers (1)
- What is a credit status enquiry and who are the parties to it?(Solved)
What is a credit status enquiry and who are the parties to it?
Date posted: February 4, 2019. Answers (1)
- What are the documents involved in the despatch of goods? What purpose do such documents serve?(Solved)
What are the documents involved in the despatch of goods? What purpose do such documents serve?
Date posted: February 4, 2019. Answers (1)
- Discuss the various types of office layout (Solved)
Discuss various types of office layout
Date posted: January 29, 2019. Answers (1)
- Explain five methods that the government may use to increase supply of goods in the market(Solved)
Explain five methods that the government may use to increase supply of goods in the market.
Date posted: January 15, 2019. Answers (1)
- Describe five channels of distribution that a Kenyan manufacturer would use to ensure her goods reach consumers in another country(Solved)
Describe five channels of distribution that a Kenyan manufacturer would use to ensure her goods reach consumers in another country.
Date posted: January 15, 2019. Answers (1)
- Explain five ways in which the internal environment may contribute to the success of a business enterprise(Solved)
Explain five ways in which the internal environment may contribute to the success of a business enterprise.
Date posted: January 15, 2019. Answers (1)
- List 4 items of information contained in article of association of a company(Solved)
List 4 items of information contained in article of association of a company.
Date posted: December 30, 2018. Answers (1)
- Write any two Social responsibilities of business towards employees(Solved)
Write any two Social responsibilities of business towards employees.
Date posted: December 29, 2018. Answers (1)