The City Is Using an Internal Service Fund to Self-Insure

question 4

Multiple Choice

The city is using an internal service fund to self-insure its risk financing activities.Claims accrued or paid by this fund are recorded as:

• A) Transfers out.
• B) Operating Expense - Claims.
• C) Special Items - Claims.
• D) Nonoperating Expense - Claims.

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Definitions:

Rule-based Theories

Philosophical theories that emphasize the importance of following structured, predefined rules or guidelines to determine moral conduct or decision-making processes.

Character Theories

Theories that attempt to explain aspects of a person's character, often focusing on traits, motivations, and behaviors that define their personality.

Moral Rights

Rights concerning the recognition of personal autonomy and the protection of individuals from harm, aligning with ethical standards and moral principles.

Consequential Theories

Ethical theories that judge actions based solely on their outcomes or consequences, focusing on the greater good or harm resulting from them.