Between 1988 and 1994, PRI Presidents Introduced a Series of Reforms

question 51

Multiple Choice

Between 1988 and 1994, PRI presidents introduced a series of reforms to liberalize the economy and thus end the country's traditional import substitution industrialization policy. Which of the following was NOT such a reform?

• A) Privatizing the oil industry
• B) Deregulation that made the private sector less reason to seek special favors from the government
• C) A constitutional change that permitted ejidoritos to become owners of individual plots of land
• D) Delegating more authority and resources to state and local governments
• E) All of the above are examples of such reforms.

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Definitions:

Accrued Salaries

Salaries that have been earned by employees but have not yet been paid by the employer.

Reversing Entries

Journal entries made at the beginning of an accounting period to reverse or cancel out adjusting entries made in the previous period.

Journal Entries

The record of financial transactions in the accounting books, capturing debits and credits for each transaction to maintain accurate financial statements.

Salaries Earned

Compensation that employees have earned during a specific period but have not yet been paid.