Which of the Following Funds Are Governmental Funds

question 67

Multiple Choice

Which of the following funds are governmental funds?

• A) General Fund, special revenue funds, capital projects funds, debt service funds, and private-purpose trust funds.
• B) General Fund, special revenue funds, private-purpose trust funds.
• C) General Fund, special revenue funds, debt service funds, capital projects funds, and permanent funds.
• D) General Fund, special revenue funds, capital projects funds, debt service funds, and internal service funds.

Apply cost flow assumptions to various situations to determine their impact on financial outcomes.

Understand different inventory cost flow assumptions (FIFO, LIFO, Weighted Average) and their theoretical application.

Identify the impact of inventory errors on net income.

Design and implement inventory control measures to prevent theft and damage.

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Definitions:

Sociocultural Perspective

A psychological approach that emphasizes social and cultural influences on behavior.

Learning Perspective

A psychological approach that emphasizes how the environment and experience affect a person’s or animal’s actions; it includes behaviorism and social-cognitive learning theories.

Biological Perspective

An approach in psychology focusing on the physical and biological bases of behavior, including genetic, hormonal, and neurobiological factors.

Social-Cognitive Perspective

A view that focuses on how people learn by observing others and how they control their own behavior through self-regulation and self-reflection.