Explain. The government finance which includes the principles and practices relating to the Procurement and management of funds for Central Government, and Local bodies is known as: a.Public Finance b.All of these c.Private Finance d.Business Finance
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- The focus of governmental funds in fund accounting is a(n): a. Economic Resource Measurement Focus. b. Financial Resources Measurement Focus. c. Cash Flow Measurement Focus. d. Accrual Measurement Focus.Which of the following uses the flow of current financial resources measurement focus? a. Internal Service Fund b. Agency Fund c. Special Revenue Fund d. Enterprise FundDefines the meaning of Capital Projects Fund and Debt Service Funds.
- Which of the following is NOT considered a finance activity? Planning and budgeting Capital investment decisions Financial risk management All of these are finance activities30. Financial markets: A. facilitate the exchange of financial assets B. provide information about prices of financial assets C. provide a channel for funds to flow between the providers and users of funds D. All of the given answers.Governmental financial statements report whether financial resources received during a period were sufficient to cover the expenditures of the period, and whether spending was within budgetary limits. This is demonstrating: a. profitability. b. working capital management. c. fiscal compliance. d. resource optimization.
- What other sources provide resources for capital projects funds?If an internal service fund is intended to operate on a cost-reimbursement basis, then user charges should a. cover the full costs, both direct and indirect, of operating the fund. b. cover the full costs of operating the fund and provide for future expansion and replacement of capital assets. c. cover at a minimum the direct costs of operating the fund. d. do all of the above.Which of the following determine(s) the level of real interest rates? 1) The supply of savings by households and business firms II) The demand for investment funds III) The government's net supply and/or demand for funds O I, II, and III OI and II only O I only Oll only

