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What Are the Five Types of Governmental Funds

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What are the five types of governmental funds?


Definitions:

Feedback

Information about reactions to a product, a person's performance of a task, etc., used as a basis for improvement.

Controlling

Function of evaluating an organization’s performance against its objectives.

Organizational Objectives

Organizational objectives are specific, measurable goals that an organization aims to achieve to fulfill its mission and drive success.

Motivating

The process of stimulating someone's interest or enthusiasm for doing something.

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