In Order to Compute the Operating Ratio-Enterprise Funds,one Would Look

question 7

Multiple Choice

In order to compute the operating ratio-enterprise funds,one would look in the CAFR in which of the following sections?

• A) In the government-wide Statement of Net Assets.
• B) In the proprietary funds Statement of Net Assets.
• C) In the proprietary funds Statement of Revenues, Expenses, and Changes in Net Assets.
• D) In the proprietary funds Statement of Cash Flows.

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Definitions:

Revealed Preferences

A theory that determines preferences by observing consumer choices and behaviors, rather than through direct inquiry about preferences.

Bundle

A collection of goods or services that are sold together as a single package deal.

Weak Axiom

A principle in consumer theory stating that if a consumer prefers bundle A over bundle B when prices are constant, then the consumer will not choose B over A if the price of A decreases and B's price remains unchanged.

Revealed Preferences

A concept in economics that preferences of consumers can be inferred by observing their purchasing habits and behaviors.