NEED ANSWERS ASAP PLEASE !! 37. Which of the following is generally not a reason

Question

NEED ANSWERS ASAP PLEASE !!

37. Which of the following is generally not a reason why governments engage in business type activities? A) They can use the activities to raise property taxes B) They can provide the activity more economically C) They want to control the activity D) The activities support the mission of the government, i.e., quality of life and may not be available by third parties For Questions 38 through 41, please answer True (A) or False (B) 38. Overlapping debt is recorded in the Statement of Net Position of the Government-Wide statements. A) True B) False 39. If user charges are paid by third parties, then a government would use an internal service fund? A) True B) False 40. Municipal debt typically carries a higher interest rate than corporate debt? A) True B) False 41. Term bonds typically carry a higher interest rate than serial bonds? A) True B) False 42. A defined benefit pension plan is one in which: b) The specific provisions are defined by IRS code c) The specific provisions are defined by the Uniform Code of Retirement Plans d) The employee must match the company's contributions

Explanation / Answer

Q.37: The answer should be "A" as Governments are generally not profit-oriented.

Q.38: Answer is "B" as Overlapping debt is a part of Statistical information rather than the Statement of Net Position.

Q.39: Answer is "B" as Internal Service Fund is relevant only when the user is another department of the Government.

Q.40: Answer is "B" as Municipal debt generally have lower coupon interest rates than Corporate bonds.

Q.41: Answer is "A" as serial bonds have lower risks of default compared to a term bond and therefore tend to have lower interest rates.

Q.42: Answer is (a). In a defined benefit pension plan, the pension benefits are specifically defined.

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