The Term "Fiduciary Funds" Includes Enterprise and Internal Service Funds

question 21

True/False

The term "fiduciary funds" includes enterprise and internal service funds.

---

Definitions:

Risk

Risk refers to the potential for loss or harm when engaging in an activity or making a decision, often quantified in terms of probability and impact.

Land Ownership

The legal right or title to possess and use a specific parcel of land.

Reliable Factual Information

Information that is dependable and based on facts, thereby considered accurate and trustworthy.

Uncertainty

A state of having limited knowledge where it is impossible to exactly describe the existing state, a future outcome, or more than one possible outcome.