Which of the Following Is Not Correct Regarding Government Trust

question 29

Multiple Choice

Which of the following is not correct regarding Government Trust Accounting?

• A) If a trust is to benefit the government or its citizenry, it should be accounted for in a special revenue or permanent fund.
• B) If a trust is to benefit individuals, private organizations, or other governments, it should be accounted for in a private-purpose trust fund.
• C) The journal entry to establish a permanent fund would include a credit to Fund Balance - Nonspendable.
• D) Trust funds accounted for in a permanent fund use accrual accounting

Understand the structure and dynamics of different family arrangements, including skipped generation and sandwich generation families.

Recognize the impact of employment changes in midlife, including job loss and the struggle against age discrimination.

Understand diversity and non-discrimination in the workplace.

Identify the stages of psychosocial development according to Erik Erikson.

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Definitions:

Hersey and Blanchard

refer to the creators of the Situational Leadership Model, which suggests that effective leadership depends on the maturity of followers and the complexity of tasks.

Delegating

The act of assigning responsibilities or tasks to someone else, typically one's subordinate, while retaining overall accountability.

Decision Support System Technology

Decision support system technology comprises computer-based tools and applications designed to assist in making informed decisions by analyzing large amounts of data and presenting actionable information.

Vroom-Jago

A decision-making model that helps leaders choose the best course of action by considering the importance of the decision and the involvement of team members.