GASB Standards Suggest the Following Classification Scheme for Expenditures

question 48

Essay

GASB standards suggest the following classification scheme for expenditures:
A.Function
B.Program
C.Organization unit
D.Activity
E.Character
F.Object
For each of the following expenditure items,indicate its correct classification by placing the appropriate letter in the blank space next to the item.
____ 1.Solid waste collection-residential
____ 2.City clerk
____ 3.Supplies
____ 4.Transportation
____ 5.Health and welfare

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Definitions:

Deep Ecologists

An environmental movement and philosophy that regards human life as just one of many equal components of a global ecosystem.

Nonhierarchical Societies

Communities or societies that do not have a rigid system of hierarchy and do not typically operate under the principle of top-down leadership or authority structures.

Northern Permafrost

A layer of permanently frozen soil found in the polar regions of the world, notably in the Northern Hemisphere.

Shortage of Water

A situation where the available water supply is insufficient to meet the demands of the population, environment, or economy.