The General Fund Is Not Always Considered to Be a Major

question 27

True/False

The General Fund is not always considered to be a major fund when preparing fund basis financial statements.

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Definitions:

Excessive Optimism

An overly positive outlook or expectation, which may result in unrealistic planning or underestimated risks.

Inspirational Motivation

The ability to motivate others through the articulation of an appealing vision and ambitious goals.

Appealing Vision

A compelling and inspiring outlook or plan for the future that motivates people to aim towards it.

Personal Identification

A psychological process by which an individual associates themselves with someone else's attributes or the characteristics of a group.