Based on Our Understanding of the U

question 62

Multiple Choice

Based on our understanding of the U.S.budget,we know that

• A)government accounts treat asset sales as revenues.
• B)government accounts do not treat asset sales as revenues.
• C)the NIPA accounts treat asset sales as revenues.
• D)neither the government accounts nor the NIPA accounts treat asset sales as revenues.

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Definitions:

Reciprocity

A social norm of responding to a positive action with another positive action, fostering mutual benefit and exchanges in relationships or transactions.

General Motors

A multinational corporation that designs, manufactures, markets, and distributes vehicles and vehicle parts.

Sustainable Procurement

The acquisition of goods and services in a way that achieves value for money on a whole life basis in terms of generating benefits not only to the organization but also to society and the economy, while minimizing damage to the environment.