According to the Guidance of GASB Concepts Statement 3, Financial

question 60

True/False

According to the guidance of GASB Concepts Statement 3, financial information can be communicated by recognition in the financial statements, disclosure in the notes to the financial statements, presentation as required supplementary information, or presentation as supplementary information.

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Definitions:

Learned Helplessness

A condition in which an individual learns to feel powerless and stops trying to change their situation due to repeated failures or a sense of lack of control.

Learned Optimism

A concept in positive psychology that suggests that a positive attitude can be developed through changing negative thought patterns.

Learned Helplessness

A condition in which a person suffers from a sense of powerlessness, arising from a traumatic event or persistent failure to succeed, leading to a belief that one's actions have no effect on the environment.

Learned Optimism

The concept that optimism can be cultivated by changing negative thought patterns, thereby improving one's outlook on life and resilience to stress.