What Is a Significant Difference for Agency Funds When Compared

question 29

Multiple Choice

What is a significant difference for agency funds when compared to governmental funds?

• A)An agency fund has a separate ledger.
• B)An agency fund does not report revenues.
• C)Agency funds are not associated with any governmental unit.
• D)An agency fund will not balance because there is no fund balance account.

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Definitions:

Cluster C

A classification within personality disorders characterized by anxious and fearful behavior, including avoidant, dependent, and obsessive-compulsive personality disorders.

Unstable Across

The variability of a trait or behavior in different situations or over time, indicating a lack of consistency.

Social Relations

The connections and interactions between individuals or groups, affecting and shaping societal structures and individual behaviors.

Cultural Context

The environment or situation that is relevant to the beliefs, values, and practices of the culture in which a person operates.