According to James Q

question 21

Multiple Choice

According to James Q. Wilson, "The notion that abusing drugs such as cocaine is a 'victimless crime' is not only absurd but dangerous." Why does he think this notion is dangerous?

• A) because it overlooks the fact that drug use is unnatural
• B) because it overlooks the fact that drug use is unhealthy for the user
• C) because drug use causes psychological harm to the user
• D) because drug use causes harm to people other than the user

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Definitions:

Recognizes Revenue

The process of recording revenue in the financial statements when it is earned and realizable, following the accrual accounting principle.

Total Assets

The sum of all resources owned by a company, measured in terms of monetary value, as listed on the balance sheet.

Operating Expenses

Costs associated with the day-to-day operations of a business, excluding direct costs of producing goods or services.

Cash Basis

An accounting method where revenue and expenses are recognized when cash is received or paid, rather than when earned or incurred.