A Debt Service Fund Should Be Used to Account for Debt

question 47

Multiple Choice

A Debt Service Fund should be used to account for debt service on special assessment indebtedness

• A) Always.
• B) Unless the government is not legally obligated for the debt.
• C) If the government is obligated in some manner for the debt.
• D) Never. A Special Assessment Fund should be used.

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Definitions:

Stereotyping

Assigning generalized attributes to individuals based on their perceived group membership, often leading to biased judgments.

Prejudice

A judgment or opinion of someone, formed before you know all of the facts or the background of that person.

Tolerating Ambiguity

The ability to remain comfortable and continue functioning effectively in situations that are unclear, uncertain, or not fully understood.

Mindfulness

The ability to think consciously about what you are doing and experiencing.