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Name and define the 7 deadly sins of public finance. Why are these sins important?...

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Finance

  1. Name and define the 7 deadly sins of public finance. Why are these sins important?
  2. In your opinion, why do decision makers choose to employ these methods knowing that they will have bad consequences for their jurisdictions?
  3. Do you think these accounting tricks should be legal in the public sector? Why? Why not?
  4. Do you think these 7 deadly sins affect public trust in their governments? How?

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