Which of the Following Are True of the Proprietary Accounts

question 30

Multiple Choice

Which of the following are true of the proprietary accounts of the federal government?

• A) The accounts provide a record by which federal expenditures may be traced to the budgetary authority granted by Congress.
• B) The accounts are used to present the financial position and results of operations of the federal government and its agencies using the accrual basis of accounting.
• C) Both a and b above
• D) Neither a nor b above

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Definitions:

Internal Locus

The belief that one's actions and decisions are primarily controlled by personal decisions and efforts rather than external factors.

Environmental Forces

External factors that affect an organization's performance and operations, including economic, political, technological, and cultural influences.

Successes And Failures

Refers to the outcomes of actions, initiatives, or projects, indicating whether objectives were met (success) or not (failure).

Trait Approach

A theory in psychology that attributes personality and behavior to consistent patterns of inherent traits or characteristics within an individual.