It Is Common for a Single Company to Directly Control

question 14

True/False

It is common for a single company to directly control or alter the political environment of the country within which it operates.

---

Definitions:

Fund Balance―Nonspendable

The portion of a government's fund balance that cannot be spent because it is either not in spendable form or legally or contractually required to be maintained intact.

General Fund

A primary accounting fund used by a government to record its general operating revenues and expenses.

Fund Balance

The net assets of a governmental fund calculated as the difference between fund assets and liabilities, reflecting the financial position of the fund.