Governmental Units Use Which Fund Type to Account for Services

question 114

Multiple Choice

Governmental units use which fund type to account for services provided to the general public on a user-charge basis?

• A) General Fund.
• B) Internal service fund.
• C) Permanent fund.
• D) Enterprise fund.

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Definitions:

Conditional Probability

The probability of an event occurring, given that another event has already occurred.

P(A|B)

The probability of event A occurring given that event B has already occurred.

Probability

A quantification of the probability that an event will happen, represented as a numerical value ranging from 0 to 1.

Subscriber Owns

Refers to the assets or services a subscriber has purchased and currently possesses.