Of the Following Powers Possessed by Government A, Which Is

question 62

Multiple Choice

Of the following powers possessed by Government A, which is NOT an indication that Government B should be included as a component unit of Government A?

• A) The governing documents state that, if dissolved, the assets of Government B will become the property of Government A.
• B) Government A issues revenue bonds in its name backed by the revenues of a project to be undertaken by Government B. Government A is neither legally nor morally liable for repayment.
• C) Government A has agreed to provide financial support to Government B if Government B operates at a deficit but in the entire 75 years that Government B has operated, it has never operated at a loss.
• D) The governing documents state that once Government B has equity in excess of a certain amount, 50 percent of all future operating profits will be used to reduce bonded debt of Government A.

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Definitions:

Copious Amounts

Large quantities or volumes of something, often more than what is considered normal or necessary.

Real Time

Information processing or communication that occurs instantaneously or with negligible delay.

Large Datasets

Collections of data that are so voluminous and complex that traditional data processing applications are inadequate to deal with them.

Digital

Pertaining to technology that uses discrete, discontinuous representations of information or data, often characterized by electronic devices and systems.