Which of the Following Groups Uses Accounting Information Primarily to Ensure

question 63

Multiple Choice

Which of the following groups uses accounting information primarily to ensure the company is operating within prescribed rules?

• A)taxing authorities
• B)regulatory agencies
• C)labour unions
• D)management

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Definitions:

Function

A mathematical relation between a set of inputs and a set of permissible outputs with the property that each input is related to exactly one output.

Navigation Acts

A series of English laws enacted in the 17th century, aimed at restricting colonial trade to English ships and ensuring that colonies contributed to the economic benefit of the mother country.

Salutary Neglect

A British policy in the early 18th century allowing the American colonies considerable freedom in economic matters, so long as this freedom did not conflict with British economic interests.

Sugar Act 1764

A British law that imposed a tax on sugar and molasses imported into the American colonies, contributing to growing tensions that led to the American Revolution.