The Principal of a Private-Purpose Trust Fund

question 39

Multiple Choice

The principal of a Private-Purpose Trust Fund

• A) Must be nonspendable in nature.
• B) Must be spendable in nature.
• C) Must never fall below a pre-determined threshold that is determined by generally accepted accounting principles.
• D) May be spendable or nonspendable in nature.

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Definitions:

Congruence

A condition in which a person’s words, thoughts, feelings, and actions all contain the same message.

Enterprise Social

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Employees who use their company's Internet access for personal purposes during work hours, often leading to decreased productivity.

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Referring to individuals who have achieved higher levels of education, implying they have obtained more extensive knowledge or qualifications in certain fields.