What Are the Two Proprietary Fund Types

question 59

Multiple Choice

What are the two proprietary fund types?
(1) Internal service funds.
(2) Investment trust funds.
(3) Enterprise funds.
(4) Agency funds.

• A) 1 and 2.
• B) 2 and 3.
• C) 1 and 3.
• D) 2 and 4.
• E) 1 and 4.

Distinguish between current and quick ratios in evaluating company liquidity.

Understand the impact of trade discounts, sales discounts, returns, and allowances on financial performance.

Understand the specific accounting standards applicable to various types of health care entities.

Identify the requirements for reporting donations and how they impact the Statement of Activities.

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Definitions:

Nash Equilibrium

The situation that occurs in some simultaneous games wherein every player is playing his or her dominant strategy at the same time and thus no player has any reason to change behavior.

First-Mover Advantage

In game theory, the benefit obtained by the party that moves first in a sequential game. A situation that occurs in a sequential game if the player who gets to move first has an advantage in terms of final outcomes over the player(s) who move subsequently.

Simultaneous Game

A strategic interaction (game) between two or more parties (players) in which every player moves (makes a decision) at the same time.

Collusive Oligopoly

A market condition where a small number of firms illegally agree to set prices or output levels to maximize collective profits.