Which of the Following Would Most Likely Be Accounted for in an Internal

question 11

Multiple Choice

Which of the following would most likely be accounted for in an Internal Service Fund?

• A) A government's water and sewer department if it provides water and sewer services to government departments as well as to residents and businesses in the community.
• B) A government's central printing shop that provides a very minimal amount of services to a few outside customers.
• C) The Payroll and Benefits Department of the government.
• D) A consolidated supplies facility where most of the customers are other governments.

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Definitions:

Inflation

The upward trend in the average pricing of goods and services, narrowing the scope of purchasing capacity.

Economic Well-Being

A measure of how well individuals and societies are doing in terms of income, wealth, and material goods.

Military Expenditures

Funds allocated by a nation for the maintenance and operation of its armed forces, including the development, procurement, and support of military hardware and personnel.

National Income

The total amount of money earned within a country, including wages, profits, rentals, and pension income.