The General Property Tax Is a Stable, Predictable Source of Funding

question 11

Multiple Choice

The general property tax is a stable, predictable source of funding, especially important characteristics for local governments, because many of their functions (such as police and fire protection, record keeping, and the provision of prisons, jails, schools, and libraries) , are fairly constant from year to year.This stability can be critical during and after ________.

• A)inflation.
• B)recessions.
• C)natural disasters.
• D)changes in administrations.
• E)economic booms.

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Definitions:

Activity Cost Pool

A “bucket” in which costs are accumulated that relate to a single activity measure in an activity-based costing system.

Measure Of Activity

A metric used to gauge the level of a specific operation or process over a given time period.

Activity Rate

A rate used to allocate indirect costs to products or services, based on a specific activity or driver.

Product Design

The process of creating, defining, and managing the specifications of a physical product or its system to solve a particular problem.