Identify the Following Factors That Affect Financial Condition as Environmental

question 5

Essay

Identify the following factors that affect financial condition as environmental factors (E) or financial factors (F).
$$\begin{array} { | l | l | l } \hline & { \text { Factor } } & \text { E or } \mathrm { F } \\\hline 1 . & \text { Community needs and resources } & \\\hline 2 . & \text { Disaster risk } & \\\hline \text { 3. } & \text { Revenues } & \\\hline 4 . & \text { Intergovernmental constraints } & \\\hline 5 . & \text { External economic conditions } & \\\hline 6 . & \text { Expenditures } & \\\hline 7 . & \text { Debt structure } & \\\hline 8 . & \text { Political culture } & \\\hline 9 . & \text { Unfunded liabilities } & \\\hline 10 . & \text { Condition of capital plant } & \\\hline 11 . & \text { Operating position } & \\\hline\end{array}$$

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Definitions:

Preattention

A cognitive process allowing the brain to focus on relevant stimuli while ignoring irrelevant information.

Base-Rate Information

Fundamental statistics or probabilities that are used for reference or as a baseline in decision-making processes.

Representativeness Heuristic

A mental shortcut that involves making judgments based on how much one thing resembles another, which can lead to biases in decision making.

Base-Rate Information

Statistical data that provides foundational probabilities of certain events or characteristics within a specific population.