Which of the Following Is True Regarding the Comprehensive Annual

question 127

Multiple Choice

Which of the following is true regarding the Comprehensive Annual Financial Report (CAFR) ?

• A) The CAFR has three main sections: introductory, financial, and statistical.
• B) Required Supplementary Information includes a Budgetary Comparison Schedule for the General Fund and all major special revenue funds that have a legally adopted annual budget (unless a statement is prepared).
• C) Both of the above.
• D) Neither of the above.

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Definitions:

Leon Festinger

A psychologist known for his theory of cognitive dissonance, which suggests that people experience discomfort when they hold contradictory beliefs, leading them to change their attitudes or behaviors.

Robert Zajonc

A psychologist known for his work on social facilitation, the mere exposure effect, and the interplay between affective and cognitive processes.

Ivan Pavlov

A Russian physiologist known for his work in classical conditioning, particularly his experiments with dogs, salivation, and the association of stimuli.

Mere Exposure Effect

A psychological phenomenon whereby individuals develop a preference for things merely because they are familiar with them.