At What Point Are Revenues Recognized in the General Fund

question 8

Multiple Choice

At what point are revenues recognized in the General Fund?

• A)when the revenues are earned
• B)when cash is received
• C)when the revenues are measurable and available
• D)when billings are mailed to service recipients

---

Definitions:

Harmful Decisions

Choices made by individuals or entities that result in negative consequences or damage.

Neoclassical Economics

The dominant and conventional branch of economic theory that attempts to predict human behavior by building economic models based on simplifying assumptions about people’s motives and capabilities. These include that people are fundamentally rational; motivated almost entirely by self-interest; good at math; and unaffected by heuristics, time inconsistency, and self-control problems.

Rational Decision

Made when an individual, with clear set objectives, uses logic and all available information to choose the best possible outcome from various alternatives.

Error-free Decisions

Decisions that are made without any mistakes, often considered an ideal or theoretical concept in decision-making processes.