Which of the following is one of the most important reasons for evaluating a government's financial performance?
A) Determine if property taxes and other revenue sources should be increased.
B) Assign responsibility for success or failure of the government to certain parties.
C) Determine whether the government is accomplishing its mission.
D) Have an early warning of impending financial difficulty for a diverse set of decision makers.

Question

Quizplus · Accepted Answer

Evaluating a government's financial performance is important to have an early warning of impending financial difficulty for a diverse set of decision makers. This allows for timely action to be taken to prevent financial crises and ensure the stability of the government's financial health. Options A and C are important reasons, but they are not as crucial as having an early warning of financial difficulty. Option B is not a valid reason for evaluating a government's financial performance, as assigning responsibility is not the primary objective of financial performance evaluation.

Which of the Following Is One of the Most Important