________ Is a Means of Managing Risk, Including Policies, Procedures

question 13

Short Answer

________ is a means of managing risk, including policies, procedures, guidelines, practices, or organizational structures.

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Definitions:

Proprietary Fund

A type of governmental accounting fund used to account for activities that are similar to those found in the private sector, where the intent is to recover costs through user charges.

Financial Statement

Documented records summarizing a business's financial condition and operations over a period.

Statement of Net Position

A financial statement detailing an entity's assets, liabilities, and net position at a particular point in time, providing a snapshot of financial health.