An Unfunded Mandate Is

question 7

Multiple Choice

An unfunded mandate is

• A)a requirement imposed on the national government that provides no funding.
• B)a requirement imposed on states that provides no federal funding.
• C)a violation of international law.
• D)a community development program.
• E)an order from a judge forcing a city to do something.

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Definitions:

Controllable Margin

The portion of profit or margin that can be directly influenced by managing the controllable costs in a business.

Operating Results

The financial outcomes of a company's core business activities, excluding non-operating revenues and expenses, reflecting its operational efficiency.

Required Rate of Return

The minimum annual percentage return an investor expects to earn when investing in a particular asset or project.

Sales Revenue

The income received by a company from its sales of goods or the provision of services.