A City Operates a Central Data Processing Facility

question 2

Multiple Choice

A city operates a central data processing facility. The expenses of this facility would be accounted for using

• A) The general fund.
• B) An enterprise fund.
• C) A capital projects fund.
• D) An agency fund.
• E) An internal service fund.

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Definitions:

Retainer Agreement

A signed document stating that the attorney or the law firm has been hired by the client to provide certain legal services and that the client agrees to pay for those services.

Legal Services

Professional services provided by a licensed lawyer or law firm to advise clients on legal matters and represent them in legal issues.

Fees Set Forth

The specified charges or costs outlined in a contract or agreement for services rendered or to be rendered.

Advance Payment

Payment made before its due date, often required in contracts as a form of security or commitment.