What Are the Four Types of Fiduciary Funds and the Function

question 96

Essay

What are the four types of fiduciary funds and the function of each?

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Definitions:

Administrative Costs

Expenses incurred in the day-to-day operations of a business that are not directly tied to production.

Infrastructure Costs

Expenses associated with the basic physical and organizational structures needed for the operation of a society or enterprise, such as roads, telecommunications, and utilities.

Drug Costs

The expenses associated with purchasing medications, which can include the price of the drug itself, pharmacy fees, and related healthcare provider costs.

Hospital Costs

Denotes the expenses associated with operating a hospital, including medical supplies, labor, and administrative costs.