The Expendable Fund Entity's Measurement Focus Is On

question 23

Multiple Choice

The expendable fund entity's measurement focus is on:

• A)the flow of current financial resources.
• B)the flow of economic resources.
• C)the flow of revenue, expenses, and net income.
• D)none of the above.

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Definitions:

Price Sensitivity

The degree to which the price of a product or service affects consumers' purchasing behaviors or demand for that product or service.

Elastic

Describes a situation in economics where the demand or supply for a product changes significantly when its price changes.

Inelastic

Refers to a market for a product or service that is price insensitive; that is, relatively small changes in price will not generate large changes in the quantity demanded.

Products

Items or services offered by a business to customers, which can include physical goods, services, and digital products.