Which of the Following Is Correct Regarding Fund Classifications

question 120

Multiple Choice

Which of the following is correct regarding fund classifications?

• A) Governmental funds include the general, special revenue, internal service, capital projects, and permanent.
• B) Proprietary funds include enterprise, internal service, and private-purpose.
• C) Fiduciary funds include agency and enterprise funds.
• D) None of the above.

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Definitions:

Scientific Research

The systematic investigation and study of materials, sources, etc., to establish facts and reach new conclusions.

National Economy

The economic activities and performance of a nation, encompassing its gross domestic product, employment rates, and the balance of imports and exports.

Uncontrolled Population Growth

This refers to the rapid increase in the number of individuals in a population, often due to lack of access to contraceptives, education on family planning, or policies limiting the number of children per family, leading to potential overpopulation issues.

Destruction of the Environment

Refers to the damage inflicted on natural ecosystems by human activities, leading to loss of biodiversity, pollution, and climate change.