Which of the Following Statement Is True Regarding Permanent Funds

question 43

Multiple Choice

Which of the following statement is true regarding permanent funds?

• A)Permanent funds do not have any donor restrictions when they are established.
• B)Permanent funds have a donor restriction on the fund principal but the income from the fund may be used to benefit the government's program.
• C)Permanent funds have a donor restriction on the income generated from the fund principal but the principal may be used to benefit the government's program.
• D)The cash or accrual basis of accounting may be used to account for a permanent fund.

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Definitions:

Success-oriented

Having an attitude or behavior focused on achieving goals and attaining success.

Great Person Theory

Perspective on leadership that attributes effective leadership to innate or acquired individual characteristics.

Personality Approach

A theoretical perspective focusing on analyzing and understanding individual differences in people's thoughts, feelings, and behaviors.

Persuasion

The act of convincing someone to do or believe something through reasoning or appeal to emotion.