According to GASB, Enterprise Funds Must Be Used When

question 25

Multiple Choice

According to GASB, Enterprise funds must be used when:

• A) Debt is backed solely by fees and charges.
• B) A legal requirement exists that the cost of providing services for an activity, including capital costs, be recovered through fees or charges.
• C) A government has a policy to establish fees and charges to cover the cost of providing services for an activity.
• D) Any of the above apply.

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Definitions:

Brand Positioning

The strategy of creating a unique impression in the customer's mind so that they perceive your brand distinctively in comparison to competitors.

Succession Planning

A strategy for identifying and developing new leaders who can replace old leaders when they leave, retire or pass away.

Succession Management

The process of identifying and developing potential future leaders or senior managers, as well as individuals to fill other business-critical positions, either in the short or the long term.

Key Talent

Individuals within an organization who possess critical skills or competencies that significantly contribute to achieving business objectives.