Which of the Following Is a Required Program Revenue Category

question 14

Multiple Choice

Which of the following is a required program revenue category in the government-wide statement of activities?

• A) Special assessments.
• B) Operating grants and contributions.
• C) Sales taxes.
• D) Transfers.

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Definitions:

Opportunity Cost

Letting go of feasible gains from other options by making a particular choice.

Tattoo

A form of body modification where a design is made by inserting ink, dyes, and pigments, either indelible or temporary, into the dermis layer of the skin.

Avatar

A graphical representation of a user or the user's character or persona.

Comparative Advantage

The faculty of a person, a company, or a country to yield a good or service at a lower expense of foregone opportunities than those faced by its competitors.