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.

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Definitions:

Accountability

The responsibility to explain or justify actions to someone in a position of authority.

Decision-Making

The cognitive process of selecting a course of action from among multiple alternatives.

Collaborative Practice Model

An approach in healthcare and other fields where professionals from different specialties work together to improve outcomes and provide comprehensive services.

Intraprofessional

Pertaining to interactions and collaboration within the same profession, especially in a healthcare context.