Multiple Choice
The primary purpose of a fund is
A) To provide expenditure authority for a government or not-for-profit organization.
B) To segregate an organization's resources according to the purpose(s) for which they are to be used.
C) To keep an organization's constituency from demanding that the organization utilize resources that it wants to save for a specific future objective.
D) To confuse and confound the legislative body as to the use and purpose of government resources.
Correct Answer:

Verified
Correct Answer:
Verified
Q3: Which of the following has the highest
Q4: Which of the following is
Q5: Which source of financial resources is unique
Q6: Which of the following publications is specifically
Q7: Expenses in a proprietary (nonexpendable) fund would
Q9: Expenditures in a governmental (expendable) fund would
Q10: Expenses and expenditures are least likely to
Q11: Which of the following has the highest
Q12: Prior to the creation of the Governmental
Q13: The governmental GAAP hierarchy was established by<br>A)