With Respect to Permanent Funds,which of the Following Is Not

question 111

Multiple Choice

With respect to Permanent Funds,which of the following is not true?

• A) The principal is classified as Nonspendable Fund balance
• B) Permanent Funds are created when resources are provided by private donation.
• C) Permanent Funds use the current financial resources measurement focus.
• D) Earnings in excess of expenditures must be added to principal corpus.

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Definitions:

Achievement

Accomplishing a goal or reaching a target after effort, skill, or courage has been applied.

Vroom's Expectancy Theory

A theory of motivation that suggests an individual's behavior is determined by their expected results or outcomes of actions.

Likelihood

The chance or probability of a specific event occurring within a given context or set of circumstances.

Results

Outcomes or outputs arising from actions, processes, or events, often measured to assess performance or effectiveness.