FELE Organizational Development Practice Test

The account used by the school principal for student-related activities is correctly identified as the student activity fund. This fund is specifically designated for supporting a wide array of extracurricular activities, events, and programs that enhance students' educational experience outside of the standard curriculum.

The student activity fund allows schools to finance various activities such as clubs, sports, and special events, which are instrumental in fostering school spirit, promoting teamwork, and encouraging student engagement. This fund is crucial for ensuring that students have opportunities to participate in activities that contribute to their personal and social development.

In contrast, while the other options may seem relevant to financial activities within a school, they do not specifically pertain to the wide-ranging activities that the student activity fund encompasses. For instance, the principal's discretionary fund might be more focused on decisions the principal makes regarding budgets and expenditures that aren't strictly tied to student activity. Meanwhile, the educational resources fund is likely focused on purchasing materials directly related to education, and the student management fund may imply a focus on student administration rather than the diverse activities available to students.