Supply Management Usually Maintains Significant Data About Individual Activity Costs

question 22

True/False

Supply management usually maintains significant data about individual activity costs that can increase total cost.

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Definitions:

Endowment Fund

A fund where the principal amount is kept intact while the investment income is available for use, typically for the ongoing support of an organization.

General Fund

A main operating fund in governmental accounting, covering most basic services and activities.

Direct Increase

An increase in the value or quantity of an asset or account directly due to additional investments or improvements, rather than through earnings.

Capital Assets

Long-term assets acquired for use in business operations, expected to be used or held for more than one financial period.