Which of the Following Is Not a Reason Why Government

question 102

Multiple Choice

Which of the following is not a reason why government agencies subsidize basic research?

• A)The private market devotes too few resources to basic research.
• B)The general knowledge developed through basic research can be used without charge.
• C)The social benefit of additional knowledge is perceived to be greater than the cost of the subsidies.
• D)The government wants to attract the brightest researchers away from private research firms.

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Definitions:

IASB

Stands for the International Accounting Standards Board, which is an independent, private-sector body that develops and approves International Financial Reporting Standards (IFRS).

GAAP

A set of widely adhered to accounting norms and guidelines for the preparation of financial statements, known as Generally Accepted Accounting Principles.

IFRS

International Financial Reporting Standards are global accounting norms formulated by the International Accounting Standards Board (IASB) for the preparation of public company financial reports worldwide.

Rules-Based

Rules-based refers to systems or processes that are governed by a set of explicit or predetermined rules or principles to ensure consistency and standardization.