Which of the Following Statements About Special Assessments Is Correct

question 68

Multiple Choice

Which of the following statements about Special Assessments is correct?

• A) They're accounted for only in the General Fund or a special revenue fund.
• B) They can only raise taxes for funding the projects.
• C) Construction type special assessment projects can only account for short term projects to be considered special assessment.
• D) Accounting for construction type special assessments depends on the existence of any contingent liability on the part of the government.

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Definitions:

Mode

A measure of location, defined as the value that occurs with greatest frequency.

Measure of Variability

Statistical indicators that describe the spread or dispersion within a data set, such as range, variance, or standard deviation.

Range

A measure of variability, defined to be the largest value minus the smallest value.

Midrange

The statistical measure that calculates the average of the maximum and minimum values in a data set, giving a rough estimate of the data's central tendency.