Which of the Following Is Generally Considered to Be a Positive

question 6

Multiple Choice

Which of the following is generally considered to be a positive fiscal characteristic for a city?

• A) A high, or increasing, ratio of intergovernmental revenues to total revenues.
• B) A low percentage of restricted revenues to total revenues.
• C) A high proportion of one-time revenues to total revenues.
• D) A low ratio of property tax revenues to total revenues.

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Definitions:

Rental Contract

A written or verbal agreement between a lessor and lessee that stipulates the terms and conditions under which a property, vehicle, or piece of equipment is rented.

Prepaid Insurance

An asset account representing insurance payments made in advance for coverage extending beyond the current accounting period.

Equipment Rent

Equipment rent refers to the cost associated with leasing machinery, tools, or other equipment for a specified period, instead of purchasing them outright.

Service Contract

An agreement between a service provider and a customer to deliver specified services over a set period.