In Order to Conform to GASB Standards,goods and Services Provided

question 79

Multiple Choice

In order to conform to GASB standards,goods and services provided by internal service funds to other departments of the government must be priced to

• A) Cover variable costs only.
• B) Cover full costs (both fixed and variable).
• C) Cover full costs,plus an additional charge to cover inflation and anticipated needs for expansion.
• D) GASB standards do not address appropriate fees.Each government determines its own operating and pricing policies,which may include subsidizing the cost of operating an internal service fund.

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Definitions:

Sleeper Effect

A phenomenon in which a message that was initially disregarded or thought ineffective becomes persuasive over time.

Source

The origin or starting point of something, often referred to in research or information gathering.

Communication Model

A framework used to understand the process of sending and receiving messages through verbal and non-verbal means, including the components of sender, message, medium, receiver, and feedback.

People's Behaviors

The range of actions and mannerisms made by individuals in conjunction with themselves or others, often studied in psychology and sociology.