The Group of American Consumers Born Between 1965 and 1978

question 12

Multiple Choice

The group of American consumers born between 1965 and 1978 are called ________.

• A) Baby Boomers
• B) Echo Boomers
• C) Generation X
• D) Generation Y
• E) Generation Z

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Definitions:

Enterprise Fund

A fund established by a government to account for operations financed by user charges, often used for utilities and public services.

Journal Entry

A recording of a transaction in an accounting journal that notes the debits and credits affecting the accounts involved.

GASB Statement No. 87

A statement issued by the Governmental Accounting Standards Board establishing guidelines for reporting lease transactions in governmental financial statements.

Financing Leases

Long-term lease agreements where the lessee assumes many of the economic risks and rewards of ownership.