__________ Is the Approach to Regulation in Which the Government

question 45

Multiple Choice

__________ is the approach to regulation in which the government tells business how to meet certain goals,makes sure these directions are followed,and punishes those who do not follow the orders.

• A)The spoils system
• B)Command-and-control policy
• C)The shoot-first-and-ask-questions-later system
• D)The incentive system

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Definitions:

Prepaid Expenses

Prepaid expenses are future expenses that have been paid in advance and are recorded as assets until they are actually incurred.

Dividends Payable

The amount of declared dividends that a company has committed to pay out to its shareholders but has not yet distributed.

Prepaid Assets

Assets that represent future expenses that have been paid in advance and will be recognized as expenses when they are actually incurred.

Accounts Payable

Liabilities of a business that are yet to be paid out to creditors, typically for purchases of goods and services.