Fund Balance That Has an External Constraint Imposed by Creditors

question 41

Multiple Choice

Fund balance that has an external constraint imposed by creditors, grantors, contributors or regulations is classified as:

• A)restricted.
• B)committed.
• C)nonspendable.
• D)assigned.

---

Definitions:

Despotic Practice

Actions or policies of a ruler or government exhibiting absolute power and often cruel, oppressive, or tyrannical control over its subjects.

Absolutism

A political theory and form of government where unlimited, complete power is held by a centralized sovereign individual, without checks or balances from any other part of the state or government.

Ottoman Empire

A historical empire founded at the end of the 13th century in northwestern Anatolia by the Turkish tribal leader Osman, lasting until the end of World War I.

Louis XIV

Known as the Sun King, he was a French monarch of the House of Bourbon who reigned for 72 years, making him the longest-reigning monarch in European history, noted for his absolute rule and the lavish Palace of Versailles.