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Options: Component unit Financial reporting entity Financially accountable Joint venture Other stand-alone government Primary government For each of the following definitions, indicate the key term
Options:
- Component unit
- Financial reporting entity
- Financially accountable
- Joint venture
- Other stand-alone government
- Primary government
For each of the following definitions, indicate the key term from the list that best matches by placing the appropriate terms. A separate government or agency that is combined for purposes of reporting on the whole entity. The responsibility that exists when a primary government appoints a voting majority of an organization's governing board and it is able to (a) impose its will on the organizations or (b) there is a potential for the organization to provide financial benefits or impose a financial burden on the primary government. A state government, general purpose local government, or special purpose government that is independent of other state or local governments. A legally separate governmental organization that does not have a separately elected government body. Primary government and all related component units.
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