Over the Long Run, Governmental Internal Service Funds Are Intended

question 51

Multiple Choice

Over the long run, governmental internal service funds are intended to

• A)Generate revenues sufficient to cover the full costs of providing services.
• B)Generate revenues sufficient to cover the full costs of providing services and to earn a profit.
• C)Generate revenues sufficient to cover the current operating costs of providing services.
• D)Generate revenues sufficient to cover the current operating costs of providing services and to earn an operating profit.

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Definitions:

Suppliers

Organizations or individuals that provide goods or services to another company, often part of a supply chain or production process.

Customers

Individuals or organizations that purchase goods or services from a business.

Marketing Activities

Actions or tasks aimed at promoting and selling products or services to target customers.

High-quality

Products or services that meet or exceed customer expectations in terms of performance, durability, or satisfaction.