Which of the Following Is Not True Regarding Permanent Funds

question 94

Multiple Choice

Which of the following is not true regarding permanent funds?

• A) Permanent funds are considered governmental funds.
• B) Permanent funds are appropriate when a gift must be invested and the proceeds used to benefit individuals or organizations.
• C) Permanent funds use the current financial resources measurement focus and modified accrual basis of accounting.
• D) Major permanent funds would be reported in the Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances.

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Definitions:

Maintenance Stage

The phase in behavior change where an individual works to sustain the gains achieved after adopting new habits.

Tempting Situations

Circumstances that present a strong attraction or inclination to engage in a particular action, often one that might be considered unwise or harmful.

Maintenance Stage

In behavior change models, this stage refers to the sustained effort to avoid relapse and consolidate the gains achieved during the action stage.

Relapse

A return to former unhealthy patterns.