Service Efforts and Accomplishments (SEA)information

question 31

Multiple Choice

Service efforts and accomplishments (SEA) information:

• A) Includes indicators of a government's actual performance in providing services to its citizens.
• B) Aids users in assessing the economy, efficiency, and effectiveness of government.
• C) Is required for all governments that issue a CAFR.
• D) Both A and B are true.

---

Definitions:

Risk-averse

Characterized by the preference to avoid risk, leading individuals or entities to choose the option with the least risk when faced with uncertain outcomes.

Expected Utility

A theory in economics that calculates the anticipated utility or satisfaction from a decision under conditions of uncertainty.

Utility

An indicator of pleasure or contentment obtained by customers from using products or services.

Risk Averse

A description of an individual's or entity's preference to avoid risk, favoring certainty in investment or economic decisions.