Since the Costs of Government Decisions Are Borne by Many

question 9

Multiple Choice

Since the costs of government decisions are borne by many taxpayers,individual taxpayers have ______ incentive to incur the cost of organizing in __________ government decisions.

• A) little;opposition to
• B) a strong;favour of
• C) no;favour of
• D) no;opposition to
• E) no;favour of,or in opposition to

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Definitions:

Notes Payable

Short-term or long-term liabilities representing amounts the company owes because it has issued promissory notes.

Accounts Receivable

Receivables by a corporation from its clients for goods or services that have been extended or utilized, yet the corresponding payments are awaited.

Common-base Year Statement

Financial statements that are adjusted to a single point in time or base year, facilitating comparison across different time periods.

Market-to-Book Ratio

A ratio used to compare a company's current market price to its book value.