Federal Operations Are Accounted for in Four Types of Funds

question 32

Multiple Choice

Federal operations are accounted for in four types of funds. Which of the following is one of the types of funds used?

• A) Capital funds.
• B) Revolving funds.
• C) Special revenue funds.
• D) Fiduciary funds.

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Definitions:

Henry David Thoreau

A 19th-century American essayist, poet, and philosopher best known for his works "Walden" and "Civil Disobedience," emphasizing simple living and self-sufficiency.

Transactional Leader

A leadership style focused on structured transactions, rewards, and punishments to manage followers and accomplish tasks.

Transforming Leader

A leadership style characterized by inspiring change and innovation within an organization or society, often motivating followers to exceed their own interests for the greater good.

Civil Disobedience

The act of refusing to comply with certain laws or to pay taxes and fines, as a peaceful form of political protest.