Which of the Following Is a Reason for Governmental and Not-For-Profit

question 38

Multiple Choice

Which of the following is a reason for governmental and not-for-profit entities to incorporate service efforts and accomplishments SEA measures into their management process?

• A)Measuring and reporting upon helps management determine short-term cash flow requirements.
• B)SEA measures allow management to make objective assessments about whether the goals of the government are worth achieving.
• C)SEA reporting fosters sound budgeting and administration.
• D)SEA fosters budgetary compliance and custodianship of resources.

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Definitions:

Consideration

Generally, the value given in return for a promise or a performance. The consideration, which must be present to make the contract legally binding, must be something of legally sufficient value and must be bargained for.

Objective Theory

A principle that states the intention of parties in a contract is determined by their outward expressions and acts, rather than by their subjective intentions.

Subjective Fact

A statement or idea based on personal opinions, interpretations, points of view, or emotions rather than on objective evidence.

Legally Binding

A contract or agreement that is enforceable by law, obligating parties to fulfill their commitments.