A City Received a Grant of $5,000,000 from a Private

question 27

Multiple Choice

A city received a grant of $5,000,000 from a private agency. The money was to be used to build a new city library. In which fund should the money be recorded for the Fund Financial Statements?

• A) the General Fund.
• B) an Expendable Trust Fund.
• C) a Capital Projects Fund.
• D) an Agency Fund.
• E) a Permanent Fund.

Understand the concept and benefits of customer loyalty programs.

Explain the process of developing a promotion budget and strategies involved.

Understand the importance of crisis management in public relations.

Identify the different approaches and methods for promotion budgeting.

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Definitions:

Break-even Point

The sales level at which a business generates neither profit nor loss, covering all fixed and variable costs.

Unit Sales

The quantity of products sold, not considering the price at which they were sold.

Contribution Margin

Contribution Margin is the amount of revenue remaining after deducting variable costs, which can then be used to cover fixed costs or generate profit.

Income Statement

A financial statement that shows a company's revenues and expenses over a specified period, culminating in the net income or loss.