The Unrestricted Net Position Balance for a Local Government

question 3

Multiple Choice

The unrestricted net position balance for a local government

• A)cannot be negative
• B)normally is the largest component of the total net position balance
• C)can be negative
• D)equals the sum of the unrestricted fund balances of the major governmental funds

---

Definitions:

Strategic Thinking/Planning

The process of developing long-term visions and objectives, and outlining the necessary steps to achieve them, focusing on critical analysis and forward-looking perspectives.

Gallup Poll

A survey designed to sample public opinion on various subjects, conducted by the Gallup Organization, known for its national and global polls.

Executives

High-level managers in organizations, responsible for making strategic decisions and ensuring operational effectiveness.

Strategic Thinking

The ability to analyze the present situation of an organization, envision potential futures, and plan actions to achieve desired outcomes.