GASB Standards Suggest the Following Classification Scheme for Expenditures

question 48

Essay

GASB standards suggest the following classification scheme for expenditures:
A.Function
B.Program
C.Organization unit
D.Activity
E.Character
F.Object
For each of the following expenditure items,indicate its correct classification by placing the appropriate letter in the blank space next to the item.
____ 1.Solid waste collection-residential
____ 2.City clerk
____ 3.Supplies
____ 4.Transportation
____ 5.Health and welfare

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Definitions:

Exponentially Smoothed Sales

A forecasting technique that applies weighting factors which decrease exponentially over time, used to smooth time series data.

Biodiesel Sales

The volume or number of units of biodiesel fuel sold within a specific time period.

Exponential Smoothing

A forecasting technique for single-variable data that uses exponentially diminishing weights for previous observations.

Time Series

A sequence of numerical data points in successive order, usually occurring in uniform intervals over time.