Which of the Following Is Not True with Respect to Special

question 90

Multiple Choice

Which of the following is not true with respect to Special revenue funds?

• A) Resources appropriately reported within proprietary or fiduciary funds are excluded from special revenue funds.
• B) Special revenue funds may not be used for debt service or capital projects.
• C) A special revenue funds would be used to account for taxes which are required by state law to be used by the government to support specific activities.
• D) Special revenue funds may be used for any designated purpose to segregate revenues and ensure compliance with restrictions.

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Definitions:

Marginal Product

The extra output that is produced by using one more unit of a factor of production, like labor or capital, holding other factors constant.

Level of Employment

The sum of all individuals currently holding either full-time or part-time jobs within the economy.

Motor Manufacturing Technology

The techniques, machinery, and processes used in the production of motors and engines.

Marginal Revenue

The additional revenue gained from selling one more unit of a good or service.