Which of the Following Items Should Not Be Included as Revenue

question 6

Multiple Choice

Which of the following items should not be included as revenue for a state government?

• A)Property taxes levied in the current fiscal year.
• B)Private property for which a state takes custody when the legal owner cannot be found.
• C)Amounts received from other financing sources.
• D)Fines and licensing fees for which amounts cannot be budgeted.

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Definitions:

Utility

In economics, utility refers to the total satisfaction received from consuming a good or service.

Mass Customization

A production and marketing technique that combines the flexibility and personalization of custom-made products with the low unit costs associated with mass production.

Individual Features

Specific characteristics or attributes that distinguish one person or thing from another.

Target Market

A specific group of consumers at whom a company aims its products and services, characterized by similar demographic, psychographic, or behavioral traits.