For Each of the Following Expenditure Items, Indicate Its Correct

question 24

Essay

For each of the following expenditure items, indicate its correct classification scheme suggested by GASB standards.
A. Function
B. Program
C. Organization unit
D. Activity
E. Character
F. Object
________ 1. Streetlight repair
________ 2. City clerk
________ 3. Salaries and wages
________ 4. Transportation
________ 5. Current operating expenditures

---

Definitions:

Monistic

Monistic is an adjective describing any philosophy that posits a single, unified reality or substance as the basis of all existence, in contrast to dualistic or pluralistic theories.

Dualistic

A conceptual framework that divides something into two distinct and often opposing parts or aspects, such as mind and body in philosophy.

Mahayana Buddhism

A major branch of Buddhism that focuses on the path of a Bodhisattva and compassion towards all sentient beings.

Bodhisattva

(Sanskrit.) In Mahayana Buddhism, an enlightened person devoted to the enlightenment of others.