Which of the Following Best Illustrates a Technology-Driven Standard Set

question 75

Multiple Choice

Which of the following best illustrates a technology-driven standard set by direct regulation?

• A) a regulation that requires air filters to be set on high instead of low in order to give out cleaner air
• B) a regulation that requires the contaminants in water to be at a particular level so that it is potable
• C) a regulation that requires air quality in a city to be at a level so that the number of asthma cases will continue to decrease
• D) a regulation that requires the smoke from a factory to be filtered so that it minimizes the chances of lung disease in children

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Definitions:

Balance Sheet Accounts

Categories in a balance sheet including assets, liabilities, and shareholders' equity, representing a company's financial position.

Real Accounts

Accounts that are not closed at the end of the accounting period, representing ongoing financial balances in assets, liabilities, and equity.

Temporary Accounts

Accounts that track revenues, expenses, and withdrawals for a specific accounting period and are closed at period end.

Miscellaneous Expense

Minor or incidental expenses that do not fit into standard categories and are not material to the business's overall financial results.