Correctly Match Each Event with the Appropriate Expenditure Classification

question 4

Multiple Choice

Correctly match each event with the appropriate expenditure classification. Unless specifically stated otherwise, assume all amounts have been incurred. If the event is not an expenditure, state how the event would be reported in the current year General Fund financial statements. Each classification of expenditure may be used once, more than once, or not at all.
-Using supplies (assume the consumption method is used) .

• A)Expenditures - Operating
• B)Expenditures - Intergovernmental
• C)Expenditures - Capital Outlay
• D)Expenditures - Debt Service Principal
• E)Expenditures - Debt Service Interest
• F)Not a General Fund expenditure
• G)Event reduces expenditure (also identify which of above expenditures would be reduced)

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Definitions:

Socialization

The process through which individuals learn and internalize the norms, values, and behaviors necessary for functioning within their society.

Acculturation

The process whereby individuals adapt their behavior in response to exposure to a new culture.

Cultural Diffusion

The transmission of societal customs and cultural ideologies among different groups.

Social Influence

The process by which individuals change their thoughts, feelings, or behaviors as a result of interaction with others.