The Operation of a Municipality's Recreation Facilities and Sites Such

question 42

Multiple Choice

The operation of a municipality's recreation facilities and sites such as ball fields, gymnasiums, and tracks are most likely to be accounted for in a/an

• A) General Fund.
• B) Enterprise Fund.
• C) Capital Projects Fund.
• D) Internal Service Fund.

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Definitions:

Sole Proprietorship

A form of business owned and operated by one person who is solely responsible for all its operations and debts.

Attorneys

Licensed professionals who are authorized to practice law, representing and advising clients in legal matters.

Associate Attorney

An attorney working for a law firm who is not a partner and does not have an ownership interest in the firm. Associates are usually less experienced attorneys and may be invited to become partners after working for the firm for several years.

Staff Attorney

An attorney hired by a law firm as an employee. A staff attorney has no ownership rights in the firm and will not be invited to become a partner in the firm.