Which of the Following Is One of the Criteria to Determine

question 48

Multiple Choice

Which of the following is one of the criteria to determine if a governmental fund is considered to be a major fund?

• A) Total assets, liabilities, revenues or expenditures of the individual governmental fund constitutes 10 percent of the governmental funds category.
• B) Total assets, liabilities, revenues or expenditures/expenses are 5 percent of the total of the governmental and enterprise category. Other funds may be designated major funds at the discretion of management.
• C) Both A and B are required
• D) Either A or B will qualify a fund to be a major fund

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Definitions:

Misinformation Effect

The phenomenon where a person's recall of episodic memories becomes less accurate due to post-event information.

Fundamental Attribution Error

It is the tendency to overemphasize personality-based explanations for others' behaviors while underestimating the role of situational factors.

Availability Heuristic

A mental shortcut that relies on immediate examples that come to a person's mind when evaluating a specific topic, concept, method or decision.

Correspondent Inference

The perceived quality of alternatives to the current relationship