A Debt Service Fund Should Be Used to Account for Debt

question 23

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 obligated in any manner on 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:

Needs

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Conceptual Skills

The ability to see the selling process as a whole and the relationship among its parts.

Order-Takers

Salespeople who only take orders by asking what the customer wants or waiting for the customer to order. They have no sales strategy and use no sales presentation.

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The series of steps or stages sales professionals follow from initial contact with a potential client to closing the sale.