Which of the Following Is One of the Criteria to Determine

question 48

Multiple Choice

Which of the following is one of the criteria to determine if a governmental fund is considered to be a major fund?

• A) Total assets, liabilities, revenues or expenditures of the individual governmental fund constitutes 10 percent of the governmental funds category.
• B) Total assets, liabilities, revenues or expenditures/expenses are 5 percent of the total of the governmental and enterprise category. Other funds may be designated major funds at the discretion of management.
• C) Both A and B are required
• D) Either A or B will qualify a fund to be a major fund

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Definitions:

Freedom

Liberty or autonomy to act, voice views, or think as one pleases, free from any confinement or control.

Effective Freedom

The actual ability and means to exercise one's rights and freedoms, as opposed to merely having them guaranteed by law.

Progressive Reforms

A series of political, economic, and social reforms in the late 19th and early 20th centuries aimed at addressing issues of inequality, corruption, and inefficiency.

Sexual Freedom

The liberation and empowerment in expressing one's sexual orientation, choices, and practices freely, without societal, cultural, or legal restrictions.