Salaries and Wages That Have Been Earned by Governmental Employees

question 56

Multiple Choice

Salaries and wages that have been earned by governmental employees that have not yet been paid are recorded in the general fund as:

• A) An expenditure.
• B) An encumbrance.
• C) An appropriation.
• D) An expense.
• E) An investment.

---

Definitions:

Unification

The process of making or becoming united or whole, often referring to the consolidation of territories, organizations, or rules into a single entity.

International Monetary Fund (IMF)

Organization created to promote trade, eliminate barriers, and make short-term loans to member nations that are unable to meet their budgets.

Financial Cooperation

Collaboration among businesses, governments, or countries to achieve common financial goals or manage financial risks.

WTO

The World Trade Organization, an intergovernmental organization which regulates international trade.