Which of the Following Is a Difference Between Enterprise Funds

question 57

Multiple Choice

Which of the following is a difference between enterprise funds and internal service funds?

• A) The use of cost accounting by enterprise funds but not internal service funds.
• B) The customers who primarily benefit from the fund's service.
• C) The number of fund financial statements required.
• D) The measurement focus on economic resources for enterprise funds and current financial resources for internal service funds.

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Definitions:

Hourly Wage

The amount of money paid to an employee for one hour of work.

Leisure

Time free from work or duties, which can be used for relaxation, hobbies, or cultural activities.

Substitution Effect

The transformation in purchasing decisions resulting from changes in the relative pricing of goods, compelling consumers to replace one good with another.

Hourly Wage

The amount of money paid to an employee for each hour of work performed.