The Largest Source of Local Government's Revenue Is the Sales

question 126

True/False

The largest source of local government's revenue is the sales tax.

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Definitions:

Risk Characteristics

Features that define the vulnerability of an investment's return, including volatility, market risk, and credit risk.

Systematic Risk

The risk inherent to the entire market or market segment, also known as "market risk," which cannot be reduced through diversification.

Unsystematic Risk

The risk of price change in a company's stock due to company-specific events, distinguishable from market-wide risk.

Business-specific Risks

Refers to the uncertainties or potential financial losses that are directly related to the operations and environment of a particular company or industry.