Which of the Following Is a Primary Objective of Financial

question 23

Multiple Choice

Which of the following is a primary objective of financial reporting by state and local governments?

• A) To provide information that can be used for capital allocation decisions made by external investors.
• B) To report on the legal requirements imposed on the government by its elected officials.
• C) To provide information that can be used to assess a government's accountability.
• D) To fulfill the government's statutory duty to report on cash received and cash disbursed.

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Definitions:

Reinforcement

In the context of behavior, it refers to the process of encouraging or establishing a pattern of behavior by offering rewards or consequences.

Stress

A condition or feeling experienced when a person perceives that demands exceed the personal and social resources the individual is able to mobilize.

Presence

The state of being present and engaged in a particular environment or moment, often emphasizing the importance of mindfulness and attentiveness.

Stress

A condition of physical, mental, or emotional discomfort caused by challenging or unfavorable situations.