Which of the Following Is True of Government Activities Under

question 23

Multiple Choice

Which of the following is true of government activities under a system of representative democracy?

• A) When voters pay in proportion to benefits received, all voters will gain if the government activity is productive.
• B) If a majority opposes an activity, it must be counterproductive.
• C) When voters must pay in proportion to benefits received for an activity undertaken by the government, the activity will most likely be rejected by the majority of voters.
• D) Government activities must be productive in order to be eligible for vote.

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Definitions:

Net Sales

The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods, and discounts.

Average Total Assets

The average value of all assets owned by a company over a specific time period, typically calculated to assess the company's asset management efficiency.

Net Profit Margin

A profitability ratio calculated as net income divided by revenue, showing the percentage of revenue that remains as profit after all expenses are paid.

Total Asset Turnover

A financial ratio that measures a company's efficiency in using its assets to generate sales.