A9 Twatt - as revenues or operating position may also play...

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Chapter 10 Tiffany Watt Assignment: A9 April 6, 2011 AC 325 – E01   Questions 10-1. How fiscal policy within the government responds to environmental demand and changes in the environment is a major factor determining how environmental factors are translated into financial factors. In other words, the onset of a municipal financial crisis depends on how well the government responds to the different factors that affect financial condition. Environmental factors, such as intergovernmental constraints, disaster risk, or external economic conditions, may all contribute to a financial downturn. Organizational factors, such as population density or potential for natural disasters, and financial factors, such
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Unformatted text preview: as revenues or operating position, may also play a significant role in the occurrence of a financial crisis. An effective monitoring system can reduce the risk of a financial crisis by assisting internal financial managers in tracking the financial performance of their own governments. With the help of these systems, the financial managers will be able to recognize negative financial trends early on and be prepared to take prompt actions in order to curb a financial crisis. Exercises & Problems 10-2. Multiple Choice. 1. B 2. C 3. C 4. D 5. B 6. D 7. C 8. B 9. D 10. C...
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