Which of the Following Statements Is True

question 86

Multiple Choice

Which of the following statements is true?

• A)no single individual can eliminate poverty because the problem is so large
• B)private charities use taxes to escape the free-rider problem
• C)there would be no poverty problem if it was left up to private charity
• D)everyone agrees on what role the government should play in fighting poverty

---

Definitions:

Related Party Transaction

Financial transactions between entities that are considered to have a special relationship, such as companies with common ownership.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that aim to standardize financial reporting around the world.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the business's operating cycle if longer.

Current Liabilities

Obligations that a company is required to pay within the next year or within its operating cycle if longer.