Cumulative Results of Operations Is the Component of Net Position

question 44

True/False

Cumulative results of operations is the component of net position in a federal agency balance sheet that represents the amount of appropriations still available for obligation, or which has been obligated but not yet expended.

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Definitions:

Specific Event

A unique occurrence or happening at a particular time and place.

Multidimensional Development

The concept that human development involves multiple aspects—physical, cognitive, emotional, and social—that interact and influence each other.

Multidirectional Development

The concept that human development occurs in different directions, indicating varying changes (both gains and losses) throughout the lifespan.

Changing Resource Allocations

The process of adjusting how resources, such as time, money, or personnel, are distributed or utilized in response to different conditions or priorities.