A Government May Designate Any Fund to Be a Major

question 50

True/False

A government may designate any fund to be a major fund if reporting the fund separately would be useful.

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Definitions:

Social Assistance

Government programs designed to provide financial support or services to individuals in need to help them maintain a minimum standard of living.

Utilitarianism

A moral theory suggesting that 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.

Teleological Theory

A philosophical concept that explains phenomena by their ends or purposes, often used in moral reasoning and natural sciences.

Deontological Theory

A branch of ethics that judges the morality of actions based on adherence to rules or duties, rather than consequences.