A Government Is Required to Use a Debt Service Fund

question 23

Multiple Choice

A government is required to use a Debt Service Fund in which of the following cases?

• A) Capital leases.
• B) When financial resources are being accumulated for long-term general government principal and interest maturing in future years.
• C) Debt refunding.
• D) All general obligation long-term debt.

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Definitions:

Job Evaluation

The process of analyzing and assessing various jobs systematically to ascertain their relative worth in an organization.

Pay Compression

A situation where there is little difference in pay between employees regardless of their skills, experience, or job responsibilities.

Pay Inversion

In pay inversion, the external market changes so rapidly that new employees are actually paid more than experienced employees.

Skill-Based Pay

Rewards employees for acquiring new skills.