A Basic Precondition Necessary to Achieve Economic Growth Is

question 133

Multiple Choice

A basic precondition necessary to achieve economic growth is

• A)well-functioning factories.
• B)well-being of society.
• C)a well-functioning legal system.
• D)a well-organized work force.
• E)a strong central government that directs the nation's research and development activities.

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Definitions:

GASB Concepts Statement No. 1

A document issued by the Governmental Accounting Standards Board outlining objectives and concepts that guide the development of accounting and financial reporting standards for state and local governments.

Primary Users

The main audience or recipients of financial reports, typically considered to be existing and potential investors, lenders, and other creditors.

Capital Projects Fund

A governmental accounting fund used to account for financial resources set aside for the acquisition or development of major capital assets.

Governmental Fund Financial Statements

Financial reports that focus on the sources, uses, and balances of governmental funds and provide insight into fiscal accountability.