Which of the Following Kinds of Information Would Not Be

question 25

Multiple Choice

Which of the following kinds of information would not be provided by management's discussion and analysis (MD&A) ?

• A) A narrative explanation of the contents of the CAFR.
• B) A description of the government's financial condition.
• C) A forecast of revenues and expenditures for the next three fiscal years.
• D) A discussion of economic factors and the budget and tax rates approved for the next year.

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Definitions:

Short-Term Planning

The process of organizing immediate goals and objectives, usually spanning a period of less than one year.

Intermediate Planning

The process of setting goals and outlining strategies for the medium term, bridging the gap between day-to-day operations and long-term objectives.

SWOT Analysis

The step of strategic planning in which the managers identify the internal strengths and weaknesses of a business and the opportunities and threats that exist outside the business.

Strategic Planning

The process of defining a company's direction and making decisions on allocating its resources to pursue this strategy.