Which of the Following Is True Regarding Fiduciary Funds

question 80

Multiple Choice

Which of the following is true regarding fiduciary funds?

• A) Fiduciary funds are not included in the government-wide financial statements.
• B) Fiduciary funds include agency, pension and other employee benefit) trust, private-purpose trust, and investment trust funds.
• C) Both of the above.
• D) Neither of the above.

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Definitions:

Negative Reinforcement

A behavior modification technique that involves the removal of an unpleasant stimulus to increase the likelihood of a desired response.

Positive Reinforcement

Any pleasant or desirable consequence that follows a response and increases the probability that the response will be repeated.

Punishment

A consequence that reduces the likelihood of a behavior being repeated in the future.

Shaping

A method of training or teaching that involves reinforcing behaviors that are progressively closer to the desired behavior.