Which of the Following Is Not True Regarding Major Fund

question 140

Multiple Choice

Which of the following is not true regarding major fund reporting for governmental funds?

• A) The General Fund is always a major fund.
• B) Each fund that is considered major must be reported in a separate column in the governmental funds financial statements.
• C) A government may designate any fund as major if it feels that reporting that fund in the basic financial statements would be useful.
• D) None of the above, all are true.

---

Definitions:

Performance Management

A continuous process by which managers and employees work together to plan, monitor, and review an employee's work objectives and overall contribution to the organization.

Performance Appraisal

The process of evaluating an employee's job performance and providing feedback on their strengths and weaknesses.

Extinction

In psychology, a process by which a previously learned behavior decreases in frequency or stops altogether as a result of non-reinforcement.

Alternative To Punishment

Techniques or strategies used to modify behavior that do not involve penalizing the individual, focusing on positive reinforcement or corrective measures instead.