Which of the Following Is One of the Criteria to Determine

question 48

Multiple Choice

Which of the following is one of the criteria to determine if a governmental fund is considered to be a major fund?

• A) Total assets, liabilities, revenues or expenditures of the individual governmental fund constitutes 10 percent of the governmental funds category.
• B) Total assets, liabilities, revenues or expenditures/expenses are 5 percent of the total of the governmental and enterprise category. Other funds may be designated major funds at the discretion of management.
• C) Both A and B are required
• D) Either A or B will qualify a fund to be a major fund

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Definitions:

Project Team

A group of individuals with different skills and roles working together towards a common project goal.

Legally Not Enforceable

Describes agreements or contracts that cannot be upheld or mandated by law.

Verbal And Written

Pertains to the forms of communication: verbal being spoken language, and written being text-based communication.

Customer Satisfaction

A measure of how products or services supplied by a company meet or exceed the expectations of its customers.