Which of the Following Is True of the Strong Mayor-Council

question 13

Multiple Choice

Which of the following is true of the strong mayor-council form?

• A)Mayors are often chosen from members of the elected city council.
• B)The mayor's appointive powers are usually restricted.
• C)The mayor enjoys almost total administrative authority.
• D)The city council as a whole generally possesses both legislative and executive authority.
• E)The mayor must usually obtain the council's consent for all major decisions.

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Definitions:

Statement of Cash Flows

A financial statement that provides aggregate data regarding all cash inflows a company receives from its ongoing operations and external investment sources, as well as all cash outflows that pay for business activities and investments during a given period.

Financial Position

The status of a company's assets, liabilities, and equity at a specific point in time, typically shown in the balance sheet.

Note Disclosures

Refers to additional information provided in a company's financial statements, which helps in understanding the numbers presented and includes details such as accounting policies and future obligations.

AASB 101

The Australian Accounting Standards Board document specifying the presentation of financial statements, providing guidelines for structure and minimum requirements for their content.