Which of the Following Statements Regarding Management's Discussion and Analysis

question 11

Multiple Choice

Which of the following statements regarding Management's Discussion and Analysis is true?

• A) MD&A is required only for Proprietary Fund Financial Statements.
• B) MD&A is reported in the statistical section of the annual report.
• C) MD&A is required for comprehensive annual financial reports.
• D) MD&A for state and local government financial statements must include an analysis of potential, untapped revenue sources.
• E) MD&A is an optional inclusion for state and local government financial statements.

---

Definitions:

Relative Measure

A comparative metric that evaluates a data point or performance outcome in relation to another baseline or standard.

Emission Output

The total quantity of pollutants released into the environment, often measured in the context of industrial operations or vehicle emissions.

Diesel Fuel

A type of fuel derived from petroleum used in diesel engines, known for its energy efficiency.

Environmental Impact

The effect that the actions of individuals, businesses, and industries have on the natural world.