Which of the Following Is nottrue Regarding Proprietary Funds

question 5

Multiple Choice

Which of the following is nottrue regarding proprietary funds?

• A) Enterprise funds are used by governments to account for services provided to the general public on a user-charge basis.
• B) General obligation bonds that will be paid from enterprise revenues must be reflected in the accounts of enterprise funds.
• C) Internal service self-insurance should set fees based on anticipated charges or a long-range plan to break even over time.
• D) The operation of internal service funds has no impact on other funds because it is run as a business and provides services that would have been purchased elsewhere by the other funds.

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Definitions:

State of Grace

A condition of being free from sin in the context of religious doctrine, or a period of flourishing or supreme excellence.

Protestant Ethic

A concept in sociology asserting that the values of hard work, thrift, and efficiency in one's worldly calling are influenced by Protestant faiths.

Frugality

The quality of being economical with resources or expenses; prioritizing saving and avoiding waste.

Thomas Hobbes

A 17th-century English philosopher known for his work on political philosophy, especially in his book "Leviathan," where he discusses the structure of society and legitimate government.