Which of the Following Is Evidence of Fiscal Independence for the Purpose

question 47

Multiple Choice

Which of the following is evidence of fiscal independence for the purpose of considering whether one legally separate organization is a component unit of another?

• A) The potential component unit is precluded from issuing long-term debt.
• B) The potential component unit raises its own taxes without the approval of the primary government.
• C) The potential component unit names its board of directors without the approval of the primary government.
• D) The potential component unit sets user charges with the approval of the primary government.

---

Definitions:

Overall Picture

A comprehensive or holistic view of a situation, considering all factors and elements involved.

Pre-Employment Testing

The process of screening job applicants through various types of tests to determine their suitability for a position before hiring them.

Patient Identification

The methods and systems used to verify the identity of patients in healthcare settings to ensure they receive appropriate care and treatments.

Blood Collection

The procedure of obtaining blood samples from a person for diagnostic or treatment purposes.