The Minimum Amount of Detail Permitted by GAAP for Governmental

question 62

Multiple Choice

The minimum amount of detail permitted by GAAP for governmental fund expenditure classifications in the basic financial statements is by

• A) Fund.
• B) Function (or program).
• C) Fund and function (or program).
• D) Fund, function (or program), organizational unit, and activity.

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Definitions:

Jockeyed

Manipulated or maneuvered positions or situations strategically for an advantage.

Customer Service Rate

A metric that measures the quality or speed of service provided to customers, often used in supply chain and logistics management.

Arrival Rate

The frequency at which entities arrive in a system, typically measured per unit of time.

Little's Law

A theorem in queuing theory that states the long-term average number of customers in a stationary system is equal to the long-term average effective arrival rate multiplied by the average time a customer spends in the system.