Two Cities Entered into a Contractual Agreement to Operate a Landfill

question 1

Multiple Choice

Two cities entered into a contractual agreement to operate a landfill. The cities each contributed the necessary assets to operate the landfill in proportion to their populations. First City has the ability to appoint five members of the seven-person governing body of the landfill. The appointees serve for six-year terms, cannot be reappointed, and can be removed only for cause. First City has no obligation to contribute to the landfill if the landfill revenues are insufficient to cover current operating costs. The landfill would be considered a(n)

• A) Primary government.
• B) Component unit.
• C) Related organization.
• D) Affiliated organization.

Recognize the role of legislation in shaping societal norms and behaviors during the Progressive Era.

Comprehend the impact of advocacy groups on politics and legislation.

Analyze the effects of Progressive Era education reforms on society.

Evaluate the roles of women and minorities in the Progressive Movement.

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Definitions:

Cost of Goods Sold

An accounting term that refers to the direct costs attributable to the production of the goods sold by a company, including the cost of materials and labor.

Professional Service Firms

Businesses that provide specialized expertise or services to clients, such as consulting, accounting, law, and engineering services.

Chargeout Rates

The rate or price that businesses charge external clients for services or goods, typically used in professional sectors to bill hours worked.

Fixed Costs

Costs that do not change with the amount of goods or services produced by a business.