What Are the Three Broad Sections of a State or Local

question 21

Multiple Choice

What are the three broad sections of a state or local government's CAFR?

• A) Introductory, financial, and statistical.
• B) Financial statements, notes to the financial statements, and component units.
• C) Introductory, statistical, and component units.
• D) Component units, financial, and statistical.
• E) Financial statements, notes to the financial statements, and statistical.

---

Definitions:

Overexploitation

Refers to the excessive use of natural resources, leading to their depletion or significant decline.

Depletion

Depletion refers to the decrease in the quantity or quality of a resource, such as natural resources, leading to diminished value or utility.

Wild Species

Species that occur naturally in the wild and are not domesticated or cultivated.

Poverty

is a socio-economic condition characterized by a severe lack of essential resources, such as food, water, shelter, and education, leading to diminished well-being and quality of life.