Edge Cities Are Sometimes Run by ________ That Refer to Private

question 64

Multiple Choice

Edge cities are sometimes run by ________ that refer to private owners who set the fees for policing, transportation, and various other services that are normally financed by taxes.

• A)commission charters
• B)shadow governments
• C)city managers
• D)state governments
• E)mayors

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Definitions:

Corporate Penalty Taxation

The imposition of taxes on corporations for violating laws or regulations, distinct from regular taxation on profits.

Closely Held Corporation

A business corporation that is owned by a small number of shareholders; its shares are not publicly traded.

Limited Liability

is a legal structure where the owners' personal liability is restricted to the amount they invested in the business, protecting personal assets from business debts and obligations.

Comingled

Mixed together without distinction; often refers to the mixing of funds belonging to one party with those of another, especially in a fiduciary relationship.