Which of the Following Is the Best Rationale/justification for Reporting

question 12

Multiple Choice

Which of the following is the best rationale/justification for reporting the business-type activities of a government in a separate fund?

• A)Laws or regulations require that the activity's costs of providing services be recovered by fees and charges rather than general purpose taxes or similar charges.
• B)Separate funds facilitate budgeting, planning, and controlling.
• C)Separate funds facilitate the assessment of performance of the activity.
• D)Separate funds facilitate the assessment of fiscal status of the activity.

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Definitions:

Segregated

The enforced separation of different racial, ethnic, or socioeconomic groups within society, often resulting in discrimination or inequality.

Realtors

Professional real estate agents who are members of the National Association of Realtors and adhere to its code of ethics while facilitating the buying, selling, or renting of property.

Contracts

Legally binding agreements between two or more parties that are enforceable by law, typically involving the exchange of goods, services, money, or promises.

Capitalist Rhetoric

Discourse that advocates for or supports the capitalist economic system, emphasizing the importance of free markets, private ownership, and profit.