Proprietary Funds Report Using the Economic Resources Measurement Focus and the Accrual

question 83

True/False

Proprietary funds report using the economic resources measurement focus and the accrual basis of accounting.

---

Definitions:

Customers

People who populate the segments of a market served by the offering.

Frequency

The rate at which something occurs over a particular period of time or in a given sample.

Franchise

A type of license purchased by a franchisee from an existing business called a franchisor to allow them to trade under the name of that business.

Marketing

The action or business of promoting and selling products or services, including market research and advertising.