Which of the Following Is True Regarding the Composition of the Comprehensive

question 118

Multiple Choice

Which of the following is true regarding the composition of the Comprehensive Annual Financial Report (CAFR) ?

• A) The CAFR is required in order to be in conformity with Generally Accepted Accounting Principles (GAAP).
• B) The CAFR is to include both blended and discretely presented component units.
• C) The CAFR contains four major sections: introductory, financial, supplementary, and statistical.
• D) All of the above are true.

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Definitions:

Negative Reinforcement

A behavior modification technique that increases the likelihood of a behavior by removing or avoiding a negative outcome or stimulus.

Undesirable Consequence

Negative outcomes or punishments associated with a specific action or behavior, which function to decrease the likelihood of the behavior reoccurring.

Behaviour

The actions or reactions of a person or object in response to external or internal stimuli.

Positive Reinforcement

A technique used to encourage desired behavior by offering rewards or incentives when the behavior is demonstrated.