Measures That Require States Either to Pay Local Governments for the Costs

question 53

Multiple Choice

Measures that require states either to pay local governments for the costs of state mandates or to give local governments adequate revenue-raising capacity to pay for them are known as

• A)unfunded mandates.
• B)mandate-reimbursement requirements.
• C)pay-to-play requirements.
• D)regional-coordinated government revenue sharing.

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Definitions:

Exchange Conditions

Refers to the set of terms, rules, and circumstances under which trades or exchanges happen in a market.

Immediate Delivery

involves the rapid dispatch of products or services to customers soon after their order is placed.

Exchange

A process where two parties come to a mutual agreement to trade goods, services, or information.

Supply Chain

The network of all the individuals, organizations, resources, activities, and technology involved in the creation and sale of a product, from the delivery of source materials from the supplier to the manufacturer, and to its eventual delivery to the end user.