Which of the Following Are Best Described as Proprietary Funds

question 109

Multiple Choice

Which of the following are best described as proprietary funds?
I. Pension funds
II. Enterprise funds
III. Internal Service funds

• A) I only.
• B) II and RECORDING AND REPORTING TRANSACTIONS OF INTERNAL SERVICE FUNDS.
• C) I and RECORDING AND REPORTING TRANSACTIONS OF INTERNAL SERVICE FUNDS.
• D) I, II, and RECORDING AND REPORTING TRANSACTIONS OF INTERNAL SERVICE FUNDS.

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Definitions:

Tourists

Individuals who travel away from their home environments for leisure, adventure, or business, but not for permanent relocation.

Tariffs

Taxes imposed by a government on imported or exported goods to regulate trade balances or protect domestic industries.

Currency Shifts

Fluctuations in the value of one currency relative to others, which can affect economic conditions and financial decisions.

Cultural Barriers

Obstacles related to differences in culture, language, and norms that can hinder effective communication and interaction among individuals from different backgrounds.