View Help a 1. The terms appropriation, apportionment, and allotment are used in the federal budget process. Describe what each is and which unit of the government makes it. 2. The Congress appropriates $15 million to fund the fiscal year 2020 activities of a bureau within a department. Can the bureau director immediately place a purchase order to buy needed supplies? If not, why not? 3. What characteristics distinguish NFPOs from for profit organizations? What characteristics distinguish government organizations from NFPOS? 4. Discuss the meaning of fair value when applied to an NFPO's investments, and give examples of how fair value may be determined. 5. Many hospitals use funds for internal record keeping. Distinguish between the kinds of resources accounted for in the General Fund and the kinds accounted for in Restricted Funds. 6. Describe the accounting process or journal entry to record the segregation of resources by the managing board of a hospital. 7. Discuss why an analyst might prefer to calculate a governmental entity's debt burden as a percentage of full value of property rather than on a per capita basis. 3. Why is it necessary to consider the economic and demographic environment in assessing a governmental entity's financial condition? 2. Define the following terms: a. Assets b. Liabilities c. Equity d. Revenue e. xpense