Which of the Following Is Not an Objective Identified in FASAB

question 41

Multiple Choice

Which of the following is not an objective identified in FASAB Statement of Accounting and Reporting Concepts No. 1 ?

• A) To assist report users in evaluating budgetary integrity.
• B) To assist report users in evaluating the extent to which tax burdens have changed.
• C) To assist report users in evaluating stewardship.
• D) To assist report users in evaluating operating performance.

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Definitions:

Halo Effect

The cognitive bias where the perception of one positive trait (such as attractiveness) leads to the unfounded assumption of other positive traits, such as intelligence or morality.

Rarity Principle

A concept in economics and marketing suggesting that rare or scarce items are perceived as more valuable.

Plentiful Opportunities

The abundant availability or presence of options or circumstances for action or engagement.

Compliance-Gaining Technique

Strategies used to persuade or induce others to align with one's requests or directions.