Why Did Governmental Accounting Practices Develop with a Focus on the Sources

question 5

Multiple Choice

Why did governmental accounting practices develop with a focus on the sources and uses of expendable funds rather than on net income?

• A) The government wants to keep the earnings discrete
• B) Net income is solely for private organizations
• C) Tax and other non exchange revenues are not equivalent to sales
• D) Net income is solely for public organizations

---

Definitions:

Overseas Assignments

Work tasks or projects assigned to employees that require them to relocate or travel to foreign countries.

Malaysian Manager

A manager based in Malaysia, potentially implying specific cultural, economic, or business practices unique to the Malaysian context.

Diplomatic Solution

A resolution to a conflict or dispute achieved through negotiation, dialogue, and compromise, often involving state or organizational representatives.

Leadership Diversity

The presence of a culturally heterogeneous group of leaders.