Which of the Following Is NOT Required for a Special

question 13

Multiple Choice

Which of the following is NOT required for a special purpose local government to be considered a primary government?

• A)It must have a separately elected governing body.
• B)It must have the power to issue tax exempt debt.
• C)It must be legally separate from other primary governments.
• D)It must be fiscally independent of other governments.

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Definitions:

Dividend

A payment made by a corporation to its shareholders, usually as a distribution of profits, which can be issued in various forms such as cash payments or further shares.

Geometric Average Rate

The average rate of return that accounts for compounding over a specified time period.

Stock

A type of investment that represents ownership in a corporation, giving the holder a claim on part of the corporation's assets and profits.

Standard Deviation

A statistical measure that quantifies the variation or dispersion of a set of data points.