One of the Purposes of the Federal Financial Management Improvement

question 13

Multiple Choice

One of the purposes of the Federal Financial Management Improvement Act of 1996 was to:

• A) Establish a requirement that the financial statements of the federal government as a whole be audited.
• B) Improve the effectiveness of programs receiving federal funds.
• C) Establish generally accepted federal accounting principles.
• D) Rebuild the credibility and restore public confidence in the federal government.

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Definitions:

Damages

Monetary compensation awarded by a court to a person who has suffered loss or harm due to the unlawful act or negligence of another.

Nondisclosure

An agreement in which parties agree not to reveal information covered by the agreement.

Undue Influence

A legal term referring to a situation where an individual is able to persuade another's decisions due to the relationship between the two parties being such that one is dominant over the other.

Walt Disney Pictures

An American film studio and a division of Walt Disney Studios, known for producing both animated and live-action features.