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In Your Own Words State the Primary Uses the GASB

question 59

Essay

In your own words state the primary uses the GASB believes external users have for financial reports of state and local governments. For contrast, state the uses the FASB believes external users have for the financial reports of not-for-profit organizations.


Definitions:

Block Design Puzzles

Cognitive tests involving the arrangement of two-dimensional geometric blocks to match a pattern, used to assess spatial visualization and problem-solving abilities.

WAIS

The Wechsler Adult Intelligence Scale, a test designed to measure intelligence in adults and older adolescents.

SAT Math Test

A standardized test section measuring mathematical reasoning and problem-solving skills, part of the SAT college admission exam.

Predictive Validity

The success with which a test predicts the behavior it is designed to predict; it is assessed by computing the correlation between test scores and the criterion behavior. Also called criterion-related validity.

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