All Cash Receipts and Disbursements, of Governmental Agencies, Not Required

question 12

Multiple Choice

All cash receipts and disbursements, of governmental agencies, not required to be accounted for in another fund are accounted for in which of the following funds?

• A) fiduciary fund
• B) proprietary fund
• C) general fund
• D) debt service fund
• E) special assessment fund

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Definitions:

Meritocracy

A system of rewards based on personal attributes and demonstrated abilities.

Central Assumption

The fundamental belief or principle that serves as the foundation for a theory, model, or approach in various fields.

Davis-Moore Thesis

A sociological theorem that argues social stratification has beneficial consequences for the operation of society, positing that the most difficult jobs in any society are the most necessary and require the highest rewards and incentives to motivate individuals to complete them.

Stratification

The arrangement or classification of something into different groups, levels, or ranks, often used to describe the hierarchical layering of people in a society based on wealth, race, education, etc.