Which of the Following Is a Difference Between Enterprise Funds

question 57

Multiple Choice

Which of the following is a difference between enterprise funds and internal service funds?

• A) The use of cost accounting by enterprise funds but not internal service funds.
• B) The customers who primarily benefit from the fund's service.
• C) The number of fund financial statements required.
• D) The measurement focus on economic resources for enterprise funds and current financial resources for internal service funds.

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Definitions:

Delivery Cost

The expense incurred in transporting goods from one location to another, often considered in product pricing and logistics planning.

Sales Forecasts

Predictions of the sales that a company expects to achieve in a certain period, based on market research, trend analysis, and historical sales data.

Customer Service Personnel

Employees tasked with assisting customers by addressing inquiries, solving problems, and providing information about products or services.

Unbundling

The process of breaking down a product or service into its component parts to offer them separately, often allowing consumers more choice and flexibility.