QUESTION 10

1. Which of the following is least appropriate for revenue base?

	a.	The concept of events means, for example, houses being built and income being generated. These events often are referred to as the revenue base.
	b.	Wild fluctuations in revenue bases over time can ensure that the budget be in balance, meaning that expenditures do not exceed revenues.
	c.	The concept of events means, for example, houses being built, income being generated, sales of goods and services taking place, and appreciation of property occurring.
	d.	Most taxes are benchmarked against some event happening that has revenue implications.