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

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Definitions:

Leadership Effectiveness

The degree to which a leader is able to achieve organizational or team objectives through the direction and motivation of others.

Gender Differences

Variations in characteristics, behaviors, and roles traditionally associated with being male or female in a particular culture.

Laissez-Faire Leadership

A style of leadership that involves the avoidance or absence of leadership.

Transformational

Transformational describes something capable of inducing significant change or development in a system, process, or individual's way of thinking.