Capital Assets Used by Departments Accounted for by the General

question 72

Multiple Choice

Capital assets used by departments accounted for by the General Fund of a governmental unit should be accounted for in

• A) The General Fund.
• B) The governmental activities journal.
• C) The business-type activities journal.
• D) The general capital assets fund.

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Definitions:

Utilitarianism

A philosophical theory that suggests the best action is the one that maximizes utility, usually defined as that which produces the greatest well-being of the greatest number of people.

Ethical Relativism

The philosophical view that moral standards, values, and judgments are not universal but are culturally and individually determined.

Open-Mindedness

The willingness to consider new ideas, arguments, and information without bias or predetermined conclusions.

Moral Behavior

Actions that conform to accepted standards of good or right conduct, often based on societal or personal ethical principles.