A Special Revenue Fund

question 69

Multiple Choice

A Special Revenue Fund

• A) Is used to account for resources restricted or committed to expenditures for capital outlay or debt service purposes.
• B) Must be used to account for all expendable restricted or committed resources.
• C) Must include resources from a revenue source that is restricted or committed to expenditures for specific purposes other than debt service or capital outlay.
• D) Must be used to account for all nonexpendable, restricted or committed resources.

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Definitions:

Consumer Surplus

The contrast between the full amount consumers are willing to invest in a product or service and the actual payment they make.

Action Figures

Small figures representing a character from a movie, comic book, video game, or television program, designed for play or collection.

Marginal Utility

The added delight or usefulness a person acquires by consuming an extra unit of a good or service.

Utility Theory

A concept in economics that suggests individuals make decisions based on the expected utility or satisfaction they will derive from those decisions.