Which of the Following Is True Regarding Fiduciary Funds

question 118

Multiple Choice

Which of the following is true regarding fiduciary funds?

• A) Fiduciary funds use the financial resources measurement focus and accrual accounting.
• B) Fiduciary funds include pension (and other employee benefit) trust, investment trust, agency, and permanent funds.
• C) Both of the above.
• D) Neither of the above.

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Definitions:

Psychoanalysis

Sigmund Freud’s theory of personality and system of therapy for treating mental disorders.

Personality Theory

The study of personality that aims to understand the differences in individuals’ characteristics, behaviors, and thinking patterns.

Psychic Energy

In psychoanalytic theory, a fundamental concept representing the drive or force within the psyche that motivates human behavior.

Libido

To Freud, the form of psychic energy, manifested by the life instincts, that drives a person toward pleasurable behaviors and thoughts. To Jung, a broader and more generalized form of psychic energy.