Which of the Following Is Not a Major Reason Given

question 26

Multiple Choice

Which of the following is not a major reason given for governmental regulation?

• A) controlling natural monopolies
• B) controlling negative externalities
• C) achieving social goals
• D) maintaining a trade surplus with foreign countries

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Definitions:

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, resulting in a profit or loss.

Variable Costing

An accounting method that considers only variable costs as product costs and treats fixed costs as period costs that are expensed in the period incurred.

Income Statement

An income statement is a financial document that summarizes an organization's revenue, expenses, and profit or loss over a specific period.

Manufacturing Costs

The total expenses involved in the production of goods, including direct materials, direct labor, and manufacturing overhead.