Which of the Following Funds Would Be Most Appropriate When

question 26

Multiple Choice

Which of the following funds would be most appropriate when accounting for an activity that provides goods or services to the public for a fee that is intended to make the activity self-supporting?

• A) Investment trust fund.
• B) Enterprise fund.
• C) Internal service fund.
• D) Special revenue fund.

---

Definitions:

Bootstrap Distribution

The distribution of a large number of bootstrap samples' statistics, used for estimating the shape of the true distribution of a statistic.

Normal

A term often used to describe data following a bell-shaped, symmetrical distribution around a central value, with predictable patterns as far as spread and outliers.

Bootstrap Distribution

A technique in statistics for estimating the distribution of a statistic by resampling with replacement from the original sample.

Normal

In statistics, this describes a distribution that is symmetric around the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.