On What Should the Governmental Fund Financial Statements Report

question 45

Multiple Choice

On what should the governmental fund financial statements report?

• A) Net position and results of financial operations of the government as a whole.
• B) Fiscal accountability.
• C) Operational accountability.
• D) Cost of government services.

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Definitions:

Needs Cluster

A group of needs that are related or similar, often used in psychology to understand complex human motivations.

Needs Categories

The classification of human necessities and desires into a hierarchy or specific groupings, such as Maslow's hierarchy of needs.

ERG Theory

A motivational theory developed by Clayton Alderfer that outlines three core human needs: Existence, Relatedness, and Growth.

Maslow's Needs

Maslow's Needs represent a hierarchy of human needs proposed by Abraham Maslow, which posits that people are motivated by unsatisfied needs, and certain lower needs need to be satisfied before higher needs can be addressed.