Generally Accepted Accounting Principles Applicable to State and Local Governments

question 49

Multiple Choice

Generally accepted accounting principles applicable to state and local governments require that

• A) Only governmental funds and proprietary funds should be established.
• B) Only those funds required by law,GASB standards,and sound financial administration should be established.
• C) Only those funds required by law should be established.
• D) All categories of funds must be established.

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Definitions:

Trait

A stable characteristic or quality of an individual that influences their behaviors and attitudes across different situations and over time.

Self-Monitoring

The degree to which individuals regulate and control their behavior in social settings, adjusting their actions according to social cues.

Conscientiousness

A personality trait characterized by thoroughness, a desire to do a task well, and a high level of organization and responsibility.

Funder and Ozer

Researchers known for their analysis on the importance and impact of situational variables versus personality variables in predicting behavior.