Under the Modified Accrual Basis of Accounting Used by the General

question 81

Multiple Choice

Under the modified accrual basis of accounting used by the General Fund, financial resources are considered available if the revenue or other financing source is expected to be collected

• A) Within 60 days after year-end.
• B) Within 90 days after year-end.
• C) During the current fiscal period.
• D) During the current fiscal period or soon enough after year-end to pay current period obligations.

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Definitions:

Span of Control

Span of Control describes the number of subordinates or tasks that a manager or leader can effectively oversee, manage, or control directly.

Formalization

The extent to which rules, procedures, job roles, and communications within an organization are written and explicitly articulated.

Close Supervision

refers to a management approach where managers or supervisors closely monitor and direct the activities of their subordinates, ensuring tasks are performed accurately and efficiently.

Complex Environment

refers to situations or systems that are intricate and difficult to understand or predict due to numerous interdependent elements and variables.