Expenditures for Claims and Judgments, Compensated Absences, and Special Termination

question 131

True/False

Expenditures for claims and judgments, compensated absences, and special termination benefits should be recognized in the General Fund whether or not the liabilities are to be paid with available resources.

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Definitions:

Self-Confident

Pertains to a state of being secure in oneself and one's abilities.

Groupthink

A psychological phenomenon that occurs within a group of people in which the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.

Harmony

The combination of simultaneously sounded musical notes to produce chords and chord progressions having a pleasing effect.

Fundamental Attribution Error

The tendency to overestimate the influence of personal traits and underestimate the effects of situations when explaining others' behaviors.