Which of the Following Items Is Not Recognized as Revenue

question 41

Multiple Choice

Which of the following items is not recognized as revenue by a governmental unit?

• A)Sales tax proceeds
• B)Property tax levies
• C)Bond proceeds
• D)Grants received from other governmental units

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Definitions:

Labor-Management Relations Act

A law designed to regulate the interaction between labor unions and employers to ensure fair practices in collective bargaining and labor relations.

Collective Bargaining

The process by which workers, through their unions, negotiate contracts with their employers to determine their terms of employment.

Unions

Organizations formed by workers to represent their interests, typically in negotiations with employers over wages, benefits, and working conditions.

Management

The act of coordinating the efforts of people to accomplish desired goals and objectives using available resources efficiently and effectively.