Which of the Following Statements Are Not Included in the Proprietary

question 100

Multiple Choice

Which of the following statements are not included in the proprietary funds for a government entity:

• A) Statement of Revenues, Expenditures, and Changes in Fund Balances
• B) Statement of Cash Flows
• C) Statement of Net Position
• D) All of the above are included

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Definitions:

Marginal Cost

Incremental expense incurred from the production of one additional unit of a good.

Average Total Cost

The total costs of production divided by the total output, indicating the average cost per unit of output.

Total Cost

The combined total of expenses involved in making goods or services, including costs that do not change and those that do.

Variable Input

Any resource used in production whose quantity can be changed in the short term to increase or decrease output, such as labor or raw materials.