According to GASB Concepts Statement No

question 70

Multiple Choice

According to GASB Concepts Statement No. 1, what are the three groups of primary users of external state and local governmental financial reports?

• A) The Securities Exchange Commission, the citizenry, and legislative and oversight bodies.
• B) The Securities Exchange Commission, legislative and oversight bodies, and investors and creditors.
• C) The Securities Exchange Commission, the citizenry, and investors and creditors.
• D) The citizenry, legislative and oversight bodies, and investors and creditors.
• E) The citizenry, management, and the Governmental Accounting Office.

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Definitions:

Biological

Pertains to the science of life or living matter in all its forms and phenomena, especially with reference to origin, growth, reproduction, structure, and behavior.

Intervention Strategies

Plans or actions designed to influence or bring about change in a particular situation or condition, often within a therapeutic or educational setting.

Parent-Teacher Association

An organization composed of parents and teachers that aims to facilitate parental participation in schools and improve the educational environment.

Family Stress

Tension and strain experienced within the family unit, often resulting from various internal or external pressures.