If a Credit Was Made to the Fund Balance in the Process

question 13

Multiple Choice

If a credit was made to the fund balance in the process of recording a budget for a governmental unit, it can be assumed that:

• A) estimated expenses exceed actual revenues.
• B) actual expenses exceed estimated expenses.
• C) estimated revenues exceed appropriations.
• D) appropriations exceed estimated revenues.

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Definitions:

Self-Interest

Actions or decisions motivated by personal gain or benefit, often used in the context of economic behaviors and theories.

Elite Theory

A theory in political science and sociology that suggests that societies are divided into a ruling elite and the masses, with the elite exercising significant power regardless of governmental organization.

Government Decisions

Actions or determinations made by the governing authorities of a state, affecting public policy or the administration of society.

Majoritarianism

A traditional political philosophy that emphasizes the majority's right in making decisions that affect the society or group.