Expenditures May Be Classified by Function, Activity, Object, or Organizational

question 18

Essay

Expenditures may be classified by function, activity, object, or organizational unit.Give an ex-ample of each classification for a municipality.Which classification is the most appropriate for
external financial reporting?

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Definitions:

Procedural Injustice

The perception that the processes leading to outcomes are unfair.

Taxation

The process by which a government imposes charges on citizens or residents to generate revenue for public expenses and services.

Representation

The act of speaking or acting on behalf of someone or the depiction of someone or something in a particular manner.

Procedural Justice

The fairness in the processes that resolve disputes and allocate resources.