Which of the Following Is Not an Example of Government's

question 39

Multiple Choice

Which of the following is not an example of government's role as a referee?

• A) Equal opportunity and labor laws that restrict businesses' freedom to hire and fire whomever they want
• B) Regulations governing safety in the workplace, wages, overtime, and hours of work
• C) Laws prohibiting businesses from meeting to fix prices
• D) Laws that require states and the federal government to balance their budgets

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Definitions:

Carrying Inventory

The process of holding stock or goods in storage or in transit, with associated costs.

Terms of Sale

The conditions under which a seller will complete a sale, typically specifying the time and method of payment and when the buyer takes possession of the goods.

Credit Period

The duration of time a buyer is given by a seller to pay for a purchase.

Cash Discount

An incentive offered by sellers to encourage buyers to pay their invoice ahead of the due date.