An Internal Service Fund Provided Services to a General Fund

question 73

Multiple Choice

An internal service fund provided services to a General Fund department. At the time of billing, the debit entry in the General Fund would be:

• A) Other Financing Sources-Transfers Out.
• B) Expenditures.
• C) Operating Revenues-Charges for Services.
• D) Expenses.

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Definitions:

Wage Cut

A reduction in the rate of pay received by workers.

Productivity

A measure of the efficiency of production, often quantified as the ratio of outputs to inputs in the production process.

Separating Equilibrium

A situation in a game or market where different types of participants (often with private information) are sorted into different groups based on their actions or choices.

Klutzes

Informal for clumsy people who are often prone to accidents or mishandling objects.