Which of the Following Is NOT Part of the Cost-Centered

question 12

Multiple Choice

Which of the following is NOT part of the cost-centered approach for deciding to provide a benefit?

• A)Checking compliance
• B)Evaluating competitiveness of current benefits
• C)Examining employee preferences
• D)Basing benefits on historical costs

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Definitions:

Derived Tax Expenditures

Derived tax expenditures refer to the revenue losses that result from tax provisions allowing certain taxpayers to reduce their tax owed through deductions, exclusions, or exemptions based on specific activities or investments.

Voluntary Non-Exchange Transactions

Transactions where an entity receives value without directly giving equivalent value in return, often seen in grants or donations to not-for-profit entities.

Governmental Fund Financial Statements

Financial reports that detail the financial position and results of operations for governmental funds, highlighting revenues, expenditures, and changes in fund balances.

Public Safety

The welfare and protection of the general public, commonly assured by governmental organizations.