Which of the Following Would Not Be True Regarding Internal

question 52

Multiple Choice

Which of the following would not be true regarding internal service funds?

• A) Internal service funds use the financial resources measurement focus and accrual basis of accounting.
• B) Examples of internal service funds would include self-insurance funds, motor pool funds, and print shop funds.
• C) In the basic financial statements, internal service funds are reported in the proprietary funds financial statements.
• D) None of the above; all are true.

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Definitions:

Causal Thinking

involves understanding the cause-effect relationship between two events or situations, believing one event is the result of the occurrence of the other event.

Value Rationality

A concept in sociology and economics that refers to behavior motivated by a consistent set of ethical or ideological beliefs, as opposed to actions motivated by ends-means calculations.

Ethics

The branch of philosophy that deals with questions about morality and the principles guiding right and wrong conduct.

Affective Action

Actions motivated by feelings, emotions, or affective states rather than rational calculations or norms.