4. All of the following are forms of non-tax revenue except: a. User fees b. Adm

Question

4. All of the following are forms of non-tax revenue except: a. User fees b. Admission to town beaches C. The VAT d. Trash collection e. Resident parking permits 5. Statement I: Privatization refers to public duties being delegated to private contractors Statement Il: Privatization refers to the selling or denationalization of state-owned enterprises. a. Statement I is true and statement II is true b. Statement I is false and statement II is false c. Statement I is true and statement II is false d. Statement I is false and statement ll is true 6. Transfer payments: a. Are central to the welfare state b. Take money from one person or company and gives it to another person or company to do with as seen fit c. Are often branded as handouts by critics d. Are all of the above e. Are a. and c. 7. The legal term for professional managers acting on the owners of a firm's behalf is "fiduciary." This means that they: a. Are liable for their investments in the firm b. Supposed to set aside their interests and manage the firm impartially. Are obligated to avoid conflicts of interest, or even the appearance of a conflict of interest c. d. All of the above e. None of the above

Explanation / Answer

4. (a). User Fees

Non-tax revenue:

The revenue got by the government from basis other than tax.

Sources are:

5. (c). Statement I is true and Statement II is false.

Privatization refers to the replacement of government services with services provided by private firms. It’s based on free market and seeks to reduce government intervention in the economy.

6. (e). Are a. and c

A transfer payment is a rearrangement of profits and prosperity completed devoid of supplies or services being arriving in come back. Payments are calculated to be non-exhaustive; they do not openly take in income or make production. Eg: Welfare, communal safety, and administration creation subsides for production.

7. (c). Are obliged to avoid conflicts of interest, or even the appearances of a conflict of interest.

A fiduciary is a individual or association be indebted to one more the responsibilities of confidence and belief. The utmost lawful responsibility of individual gathering to an additional, it as well as engage being morally to take action in the most excellent comforts.

A fiduciary duty, is the utmost benchmark of concern at moreover even-handedness or rule. A fiduciary is accepted to be tremendously faithful to the individual to whom one be indebted the responsibility: no disagreement of responsibility linking fiduciary and principal.

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