Generally Accepted Accounting Principles Applicable to State and Local Governments

question 17

Multiple Choice

Generally accepted accounting principles applicable to state and local governments require that

• A)Only governmental funds and proprietary funds should be provided.
• B)Only those funds required by law,GASB standards,and sound financial administration should be provided.
• C)Only those funds required by law should be provided.
• D)All categories of funds must be provided.

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Definitions:

Deindividuation

A psychological state in which an individual loses self-awareness and self-restraint, often in group settings.

Social Compliance

The act of adhering to the rules, standards, or laws of society or a specific group, often to fit in or be accepted by the group.

Identity Transfer

A psychological phenomenon where individuals adopt the characteristics, values, or beliefs of another person or group as their own.

Social Loafing

The tendency of individuals to put less effort into a task when they are part of a group, compared to when they work alone.