When a Park Is Funded by Visitors, but Not by Taxpayers

question 44

Multiple Choice

When a park is funded by visitors, but not by taxpayers in general,

• A) there will be too few parks because most people simply will not pay to use a park.
• B) visitors will be better served because poor service would lead to reductions in revenues.
• C) maintenance in the park will suffer because budgets will decline.
• D) we cannot predict what will happen because park funding by visitors has not been tried before.

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Definitions:

Purchases Discount

A reduction in the amount payable by a buyer to a seller, if the payment on the purchase is made within a specified period.

Chart Of Accounts

A list of the accounts in the ledger.

Merchandising Business

A company that purchases goods wholesale and resells them at retail, making profit from the markup.

Perpetual Inventory System

An accounting system that records inventory purchases or sales immediately through the use of computerized point-of-sale systems and enterprise asset management software.