An Organization Is a Component Unit of a Primary Government

question 13

Multiple Choice

An organization is a component unit of a primary government and hence part of the primary government's financial reporting entity,provided that:

• A)the primary government provides grants to the organization
• B)the primary government sells tax-exempt debt on behalf of the organization
• C)the primary government is financially accountable for the organization
• D)the primary government makes appropriations to the organization

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Definitions:

Personality Traits

Enduring characteristics or qualities of an individual that influence behaviors, emotions, and thoughts across various situations.

Social Phenomena

Events, behaviors, or structures that occur within the context of society, influenced by and influencing individuals and groups.

Individualistic

Describing a cultural or personal orientation that emphasizes personal independence and the self over communal or societal interests.

Individualistic

Describing cultures or perspectives that emphasize the moral worth of the individual and the importance of independence and self-reliance.