A Politician Is Interested in Implementing a Statewide Welfare Reform

question 50

Multiple Choice

A politician is interested in implementing a statewide welfare reform program. By providing welfare recipients with extensive job training, she believes that the number of welfare recipients will decrease. As a side benefit, she also believes that the crime rate will drop. In response, a researcher argues that the crime rate would indeed drop; however, the cost of this drop would be too high. Other cheaper alternatives could be utilized to reduce the level of crime. This researcher's work is an evaluation of ______.

• A) need
• B) process
• C) impact
• D) efficiency

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Definitions:

Adjusting Entry

Journal entries made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.

Bank Reconciliation

Bank reconciliation is the process of matching the balances in an entity's accounting records to the corresponding information on a bank statement, to ensure accuracy and identify discrepancies.

Journal Entry

A record used in bookkeeping that logs the debits and credits made to different accounts as a result of business transactions.

Recording Error

A mistake made during the process of entering financial transactions into the accounting records.