Steve, an engineer in a construction company, is at present working on a home construction project. the home is being built for the robinson family, the owners of the home. steve is working with his project team and support staff to ensure the project is completed on time. in such a scenario, the project sponsor is

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. a. i only b. ii only c. i and ii d. neither i nor ii