Which of the Following Would Be an Example of an Enterprise

question 104

Multiple Choice

Which of the following would be an example of an Enterprise fund?

• A) Water Utility fund.
• B) Runway construction fund.
• C) Pension Fund.
• D) Teacher Fund.

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Definitions:

Scienter

The knowledge of wrongdoing or fraudulent intent in the commission of a fraudulent act.

Negligent Performance

The failure to act with the level of care that someone of ordinary prudence would have exercised under the same circumstances, resulting in harm or damage.

Actual Knowledge

Awareness of a fact or circumstance based on firsthand experience or explicit information; not based on hearsay.

Illegal Payment

A transaction involving money or value that is made in violation of the law or regulatory rules.