A Measure of Whether the Government Lived Within Its Means

question 19

Multiple Choice

A measure of whether the government lived within its means in the measurement year,was required to use prior year resources to fund a portion of current year costs,or shifted the funding of some current year costs to future periods,is:

• A) Business-type activities revenues/business-type activities expenses.
• B) Unrestricted net position/total revenues.
• C) Total revenues/total expenditures.
• D) Total net position (governmental activities and business-type activities) less total net position at the beginning of the year.

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Definitions:

Master Production Schedule

A detailed plan that outlines what a manufacturing facility will produce, in what quantities, and when, to meet anticipated demand.

Bill of Material

A comprehensive list of raw materials, components, and instructions required to construct, manufacture, or repair a product or service.

Inventory Records

Documentation that tracks the quantity, value, and location of products or materials held by a company.

ABC Analysis

An inventory categorization technique that divides items into three categories, A, B, and C, based on their value to the company, to optimize inventory management.