Which of the Following Factors Explains Why Managers of Government

question 192

Multiple Choice

Which of the following factors explains why managers of government agencies (the public sector) have little incentive to operate efficiently?

• A) It is relatively easy for voters to detect operational inefficiency in the public sector and do something to correct it.
• B) Public-sector managers face fierce competition.
• C) Public-sector managers have no fear of losses and bankruptcy when operational efficiency is not achieved.
• D) All of the above explain why government agencies have little incentive to be efficient.

Understand the implications of errors and fraud on financial statements and the difference between them.

Know the best practices for managing and documenting cash transactions to maintain effective control.

Recognize the significance of prenumbering documents and its impact on tracking financial transactions.

Understand the process and purpose of bank reconciliations in managing cash balances.

---

Definitions:

Reliable

The quality of being consistently good in quality or performance, dependable.

Executive Functioning

Cognitive processes that regulate, control, and manage other cognitive abilities, including working memory, flexible thinking, and self-control.

Impulsive

Describing actions or behaviors that are performed without forethought or consideration of the consequences, driven by immediate desires or emotional states.

Attention Problems

Difficulties in maintaining focus on tasks or activities, potentially symptomatic of attention-deficit disorders or other cognitive impairments.