A Norm Is a Given Social Position That Is Governed

question 112

True/False

A norm is a given social position that is governed by a set of rules for proper behaviour.

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Definitions:

Fund Balance Classifications

Categories used to report the net position of government funds under accounting standards, showing restrictions or commitments on fund use.

Restricted Fund Balance

The portion of a fund's balance that is limited in use by external donors, grant conditions, or legal restrictions.

Assigned Fund Balance

Part of a governmental entity's fund balance that is earmarked for a specific use but can be changed by the entity's management.

Private Purpose Trust Fund

A type of trust fund in the public sector meant to benefit specific individuals, private organizations, or other governments.