​The 1998 Workforce Investment Act Provides for All of the Following

question 73

Multiple Choice

​The 1998 Workforce Investment Act provides for all of the following EXCEPT

• A)​wage subsidies for on-the-job training.
• B)​English as a second language instruction.
• C)​career counseling.
• D)​temporary employment.

Comprehend the difference between rational and irrational decision making.

Identify the role and calculation of marginal costs and benefits in optimal decision making.

Differentiate between explicit and implicit costs and their importance in understanding economic and accounting profits.

Recognize the implications of sunk costs in economic decisions.

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Definitions:

Enterprise Fund

A fund used by a government to account for operations financed by user charges for services provided by the government.

Internal Service Fund

A fund used within governmental accounting to manage the costs and financing of services provided by one department to other departments on a cost-reimbursement basis.

General Fund

The primary operating fund of a governmental entity, covering most basic services like police, fire, sanitation, and general administration.

Capital Projects Fund

Capital Projects Fund is a type of government accounting fund used to track the financial resources used for the acquisition and construction of major capital assets.