Which of the Following Is the Appropriate Measurement Focus for Agency

question 60

Multiple Choice

Which of the following is the appropriate measurement focus for agency funds?

• A) Economic resources.
• B) Current financial resources.
• C) Cash and cash equivalents.
• D) Accrual basis.

---

Definitions:

Delegation

The act of entrusting another person with responsibility and authority to perform a specific task or function that was originally one's own duty.

Assignment

The act of transferring rights, duties, or responsibilities from one party to another, commonly seen in contracts or agreements.

Delegator

The party in a contract that assigns responsibility or tasks to another party, known as the delegatee.

Delegatee

A person or entity that is delegated authority or tasks by another, typically in a legal or formal context.