Which of the Following Is an Appropriate Use of a Fund

question 42

Multiple Choice

Which of the following is an appropriate use of a fund balance restriction?

• A) To report the amount of capital assets acquired during the year.
• B) To indicate that the finance director is setting aside a substantial amount of resources for a special project.
• C) To report the amount of long-term debt that will mature in the next 12 months.
• D) To report amounts that can only be used for specific purposes due to debt covenant constraints.

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Definitions:

Operant Conditioning

An instruction strategy by which the intensity of an action is adjusted via positive reinforcement or disciplinary measures.

Classical Conditioning

A cognitive learning strategy where the repeated combination of two stimuli results in a response that, at the beginning elicited by the second stimulus, is eventually elicited by the first stimulus alone.

Observational Learning

A learning process in which individuals learn by watching the behaviors of others and the consequences of those behaviors.

Latent Learning

A form of learning that occurs without any obvious reinforcement of the behavior or associations that are learned.