Which of the Following Is True of Government Accountants in the United

question 84

Multiple Choice

Which of the following is true of government accountants in the United States?

• A) They provide services such as tax preparation, external auditing, or management consulting to clients on a fee basis.
• B) They help ensure that a nation's banks and other financial institutions comply with the rules and regulations controlling their behavior.
• C) They perform a narrow set of accounting functions solely for federal government agencies.
• D) They do not need to adhere to the generally accepted accounting principles.

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Definitions:

Individual Political Rights

Fundamental entitlements allowing individuals to participate in the political life of their society.

Tyranny Of The Majority

A situation in a democracy where the majority's interests or decisions override and suppress the rights or interests of the minority.

Laissez-Faire Capitalism

Laissez-faire capitalism is an economic system where the government's intervention in business affairs is minimal, promoting a free-market environment where businesses operate with little to no regulation.

Economic Liberty

The freedom for individuals and businesses to operate and compete in a market with minimal government interference.