Halfren, a County in the State of Halizona, Is Extremely

question 44

Multiple Choice

Halfren, a county in the state of Halizona, is extremely earthquake-prone.The governor of Halizona set up a committee to study the effects of past earthquakes on Halfren and the possible methods that could be used to minimize damage and loss of life.The committee found that a new technique of using steel reinforcements in building columns would help reduce overall damages.The findings were put to a debate at the local town hall, where it was accepted by a majority of the residents of Halfren.The state government then passed a law making it mandatory to use the new steel-reinforced columns while constructing new buildings in Halfren.Which of the following function of the law did the state government of Halizona exhibit in this case?

• A)promoting social justice
• B)maximizing individual freedom
• C)shaping moral standards
• D)facilitating orderly change

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Definitions:

Withdrawals

Amounts of money taken out from a business by its owner(s) for personal use, reducing the equity in the business.

Statement of Owner's Equity

A financial statement that shows the changes in the equity of a sole proprietorship over a period of time.

Worksheet

A worksheet in accounting is a document used for planning adjustments and reconciling accounts, aiding in the preparation of financial statements.

Income Statement

An Income Statement is a financial statement that shows a company's revenues and expenses over a specific period of time, culminating in net profit or loss.