Which of the Following Cannot Be Classified as Program Revenues

question 11

Multiple Choice

Which of the following cannot be classified as program revenues?

• A) Contributions.
• B) Grants.
• C) Charges for services.
• D) Taxes.

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Definitions:

Commercial Paper

An unsecured, short-term debt instrument issued by corporations, typically used for the financing of payroll, accounts payable, and inventories, and meeting other short-term liabilities.

Simple Interest

Interest computed solely on the initial sum or on the outstanding part of that initial sum.

Discount

A reduction applied to the regular price of goods or services, usually to incentivize purchase.

GICs

Guaranteed Investment Certificates, which are Canadian investment products that offer a guaranteed rate of return over a fixed period.