Which of the following characteristics are emphasized in the accounting for state and local government entities?I. Revenues should be matched with expenditures to measure success or failure of the government entity. II. There is an emphasis on expendability of resources to accomplish objectives of the governmental entity.
A. II only
B. I only
C. I and II
D. Neither I nor II
Answer: A
Business
You might also like to view...
_____ comprises three steps: a description of the components and how they will work, construction, and testing.
Fill in the blank(s) with the appropriate word(s).
Business
________ is the activity of two or more people working together to achieve a common goal, result, or work product.
A. Collaboration B. Competition C. Abstract reasoning D. Systems thinking E. Experimentation
Business
Since services cannot be stockpiled, the effects of seasonality can be severe
Indicate whether the statement is true or false
Business
A stereotype, which is an oversimplified behavioral pattern applied uncritically to groups, is always false
Indicate whether the statement is true or false
Business