The relationships between two primary governments and a third organization may be such that the third organization can be a component unit of both primary governments

Indicate whether the statement is true or false

False. One of the requirements of financial accountability is that the primary government appoint a voting majority of the component unit's governing body. A voting majority can be appointed by only one government.

Business

You might also like to view...

Too much emphasis on developing future products and/or services, versus responding to customer needs today, may result in the business:

A. falling short of social responsibility expectations B. liquidity issues if it is unable to cover its expenses in the short term C. remaining healthy and continues to grow D. acquiring external capital funding commitments which will enable them to reinvest in the organization E. ensuring that it remains vibrant and responsive to community needs

Business

Supervision of field workers involves all of the following EXCEPT:

A) quality control and editing. B) sampling control. C) central office control. D) coding of questionnaires. E) control of cheating.

Business