What Type of Fund Is Used When Resources Are Provided

question 69

Multiple Choice

What type of fund is used when resources are provided mainly through business-like transactions to parties external to the government?

• A) Internal Service Funds
• B) Capital Projects Funds
• C) Agency Funds
• D) Enterprise Funds

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Definitions:

Inventory

The total amount of goods and materials held by a company for the purpose of resale or production.

External Failure Costs

Costs associated with defects that are found after the product reaches the customer, including returns, repairs, and lost sales.

Schedule Of Activity

A detailed plan or timetable of expected or required actions and events over a given period.

Costs

An amount that must be paid or spent to buy or obtain something.