What Constitutes the Basic Financial Statements of a Government

question 55

Multiple Choice

What constitutes the basic financial statements of a government?

• A) Financial section of the comprehensive annual financial report (CAFR).
• B) Government-wide financial statements plus notes.
• C) Government-wide financial statements plus fund financial statements plus notes.
• D) Government-wide financial statements plus fund financial statements plus notes plus required supplementary information (RSI).

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Definitions:

Deferring Responsibility

The act of postponing or avoiding the acceptance of responsibility, typically to evade the consequences or workload.

Constructive Resistance

Opposition or pushback that is aimed at achieving positive change or improvements.

Autonomy

The degree to which a job provides an employee with the discretion and independence to schedule their work and determine how it is done.

Participation

The action of taking part in something or becoming involved in an activity or event.