Which of the Following Is True Regarding Fiduciary Funds

question 81

Multiple Choice

Which of the following is true regarding fiduciary funds?

• A) Investment trust funds account for the internal portion of an investment pool, when a government is trustee for that pool.
• B) Private-purpose trust funds account for resources that are administered by a government for the benefit of others, such as a fund held to distribute resources to local not-for-profit charities.
• C) Both of the above.
• D) Neither of the above.

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Definitions:

Work Methods

Work methods describe the techniques, strategies, and procedures employed to efficiently and effectively complete tasks and achieve objectives within a workplace.

Process Innovations

Improvements or significant changes made to an organization's workflow or production methods to increase efficiency, quality, or performance.

Creativity

The ability to generate novel and valuable ideas or solutions to problems.

Innovation Process

The series of steps involved in developing and implementing new ideas, products, or services, typically including ideation, validation, development, and commercialization.