Which of the Following Is not an Example of an Enterprise

question 50

Multiple Choice

Which of the following is not an example of an Enterprise Fund?

• A) Electric and Water Utilities.
• B) Public Libraries.
• C) Municipal Sports Stadiums.
• D) All of the above are commonly reported as enterprise funds.

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Definitions:

Supermajority Voting

The board needs more than a simple majority of directors to vote in favor of an action before the action is possible; for example, it may require a 2/3 or unanimous vote prior to action.

Managerial Discretion

The degree of freedom managers have in making decisions without needing direct approval from higher-ups.

Fraudulent Conduct

Deceptive actions or behavior intended to gain an unfair advantage or to deceive others, often leading to financial or personal loss for the victim.

Voting Power

The total number of votes shareholdings represent, allowing shareholders influence over corporate decisions.