Which of the Following Characteristics Are Emphasized in the Accounting

question 24

Multiple Choice

Which of the following characteristics are emphasized in the accounting for state and local government entities?
I.Revenues should be matched with expenditures to measure success or failure of the government entity.
II.There is an emphasis on expendability of resources to accomplish objectives of the governmental entity.

• A)I only
• B)II only
• C)I and II
• D)Neither I nor II

---

Definitions:

Subjectivism

A philosophical theory that emphasizes the role of the individual's perspective and interpretation in the constitution of objective reality.

Fallacy

A fallacy is a mistaken belief or error in reasoning, often resulting in invalid arguments.

Socialized Healthcare

A healthcare system in which the government owns and operates healthcare facilities and providers, with the aim of providing health services to all members of a society.

Fallacy Of Subjectivism

A logical fallacy that occurs when someone argues that something is true or good merely because it is true or good for them personally.