General-purpose and, often, special-purpose governments provide other specific services-such as mass transit and water and electric utility services-financed not by taxes, but instead by user fees or charges that cover both operating and capital costs.Select one:a.Fiduciary-typeb.Business-typec.Governmental-typed.None of the choices
Question
General-purpose and, often, special-purpose governments provide other specific services-such as mass transit and water and electric utility services-financed not by taxes, but instead by user fees or charges that cover both operating and capital costs.Select one:a.Fiduciary-typeb.Business-typec.Governmental-typed.None of the choices
Solution
The type of government that provides specific services such as mass transit and water and electric utility services, financed not by taxes, but instead by user fees or charges that cover both operating and capital costs, is referred to as a Business-type government. So, the correct answer is b. Business-type.
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