Which of the Following Groups of Not-For-Profit Entities Must Use

question 29

Multiple Choice

Which of the following groups of not-for-profit entities must use fund accounting to be in conformity with GAAP?

• A) Governmental, Yes; Nongovernmental, Yes
• B) Governmental, Yes; Nongovernmental, No
• C) Governmental, No; Nongovernmental, Yes
• D) Governmental, No; Nongovernmental, No

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Definitions:

FCFS Scheduling Rule

"First Come, First Served" scheduling rule, used in operations management to assign service or resources to entities on the basis of their arrival order.

EDD Scheduling Rule

"Earliest Due Date" scheduling rule, a prioritization principle that suggests completing tasks or serving customers in the order of their due dates, from earliest to latest.

SPT Scheduling Rule

Shortest Processing Time rule, a method for scheduling tasks that prioritizes those with the lowest processing time to minimize completion time.

LPT Scheduling Rule

A priority rule used in scheduling where jobs are ordered in descending order of their processing times.