Enterprise Funds and Internal Service Funds Are Part of the Larger

question 52

True/False

Enterprise Funds and Internal Service Funds are part of the larger category of Proprietary Funds.

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Definitions:

Legal Question

An issue or problem that is subject to interpretation and application of the law.

Precedent

A court decision that furnishes an example or authority for deciding subsequent cases involving identical or similar facts.

Executive Agency

An administrative agency within the executive branch of government. At the federal level, executive agencies are those within the cabinet departments.

Food and Drug Administration

A federal agency of the United States Department of Health and Human Services, responsible for protecting and promoting public health through the control and supervision of food safety, tobacco products, dietary supplements, prescription and over-the-counter pharmaceutical drugs, vaccines, biopharmaceuticals, blood transfusions, medical devices, electromagnetic radiation emitting devices, cosmetics, animal foods & feed, and veterinary products.