Which of the Following Trends Is Most Likely to Be

question 30

Multiple Choice

Which of the following trends is most likely to be a signal of impending fiscal stress?

• A) An increasing ratio of own source revenues to total revenues.
• B) A decreasing ratio of total revenues to total expenditures.
• C) A decreasing ratio of debt service expenditures to operating revenues.
• D) A decreasing ratio of operating expenditures to total revenues.

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Definitions:

Business Plan

A detailed document outlining the objectives of a business, the strategy and tactics planned to achieve them, and the expected financial performance over a specified period.