Match the Definitions to the Terms

question 44

Multiple Choice

Match the definitions to the terms.
-Future commitments for expenditure.

• A)Appropriations
• B)Debt service
• C)Capital projects
• D)Special assessments
• E)Internal services
• F)Enterprises
• G)Proprietary funds
• H)General fund
• I)Fiduciary funds
• J)Encumbrances

---

Definitions:

Activity-Based Costing

A costing methodology that assigns costs to products or services based on the resources they consume.

Traditional Systems

often refer to conventional or established procedures, techniques, or technologies that have been used over time, typically before newer alternatives.

Contribution Margin

The amount remaining from sales revenue after variable expenses are deducted, indicating the ability to cover fixed costs.

Scarce Resource

A resource with limited availability relative to its demand.