Which of the Following Is nottrue Regarding Proprietary Funds

question 5

Multiple Choice

Which of the following is nottrue regarding proprietary funds?

• A) Enterprise funds are used by governments to account for services provided to the general public on a user-charge basis.
• B) General obligation bonds that will be paid from enterprise revenues must be reflected in the accounts of enterprise funds.
• C) Internal service self-insurance should set fees based on anticipated charges or a long-range plan to break even over time.
• D) The operation of internal service funds has no impact on other funds because it is run as a business and provides services that would have been purchased elsewhere by the other funds.

---

Definitions:

Limitations

Restrictions or boundaries that define the scope of a particular process, study, or activity.

Gambling Agreement

A contract typically considered void because it involves betting on uncertain outcomes.

American Courts

are the judicial institutions within the United States, including various levels such as the Supreme Court, appellate courts, and district courts.

Public Policy

Principles and standards that guide government actions and decisions to ensure they benefit the public as a whole.