The Term "Proprietary Funds" Applies To

question 34

Multiple Choice

The term "proprietary funds" applies to:

• A) Enterprise funds only
• B) All funds that use accrual accounting
• C) Enterprise, internal service and private-purpose trust funds
• D) None of the above

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Definitions:

UNCITRAL Rules

A set of procedural rules adopted by the United Nations Commission on International Trade Law to govern arbitration proceedings.

Export and Import Permits Act

Legislation regulating the export and import of specific goods and technologies to and from a country.

Foreign Distribution Agreement

A legal contract between parties from different countries for the distribution of goods or services in a foreign market.

Political Risk Insurance

A type of insurance that provides financial protection to investors, firms, and projects from losses due to political events or actions in a given country.