GASB Codification Section 2200

question 36

Multiple Choice

GASB Codification Section 2200.106-107 makes which of the following statements regarding Management's Discussion and Analysis?

• A) MD&A is required only for Proprietary Fund Financial Statements.
• B) MD&A is required for all state and local government financial statements.
• C) MD&A is only required for comprehensive annual financial reports.
• D) MD&A for state and local government financial statements must include an analysis of potential, untapped revenue sources.
• E) MD&A is an optional inclusion for state and local government financial statements.

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Definitions:

Ivan Pavlov

A Russian physiologist best known for his work in classical conditioning, particularly his experiments with dogs that led to the discovery of the conditioned reflex.

B.F. Skinner

B.F. Skinner was an American psychologist and behaviorist known for his work in developing the theory of operant conditioning, emphasizing the effects of reinforcement and punishment on behavior.

Unconditioned Response

A natural, automatic reaction to a stimulus, not learned or based on past experience.

Unconditioned Stimulus

In classical conditioning, this refers to a stimulus that naturally and automatically triggers a response without any prior learning.