Which of the Following Statements Is True with Respect to the Use

question 39

Multiple Choice

Which of the following statements is true with respect to the use of budgetary accounts?

• A) Once the budget is set, it may not be changed.
• B) GASB does not require governments to record budgets
• C) Budgetary accounts are presented with actual results in the general purpose financial statements.
• D) GASB requires budgetary accounts for the General Fund

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Definitions:

Good Validity

The extent to which a test or assessment measures what it is supposed to measure accurately.

Test Items

Specific questions or tasks used in an assessment to evaluate knowledge, abilities, attitudes, or personality traits.

Measures

Instruments or techniques employed to systematically collect data or information for analysis and decision-making in various contexts; distinctly defined as forms of evaluating or quantifying.

Formal Prediction

The use of specific methods or models to forecast future events based on current or historical data.