Which of the Following Is Not a Reason That the Public

question 17

Multiple Choice

Which of the following is not a reason that the public affairs function grew in stature in the United States?

• A) the growing magnitude and impact of government
• B) the changing nature of the political system
• C) increased pressure to meet quarterly earnings projections
• D) the increasing influence of competing interests

---

Definitions:

Gross Profit

The difference between revenue and the cost of goods sold before expenses.

Single-Step Income Statement

An income statement format that calculates net income using a single subtraction of total expenses from total revenue.

Fiscal Year

A fiscal year is a one-year period that companies and governments use for financial reporting and budgeting, which does not necessarily coincide with the calendar year.

Ledger Adjustments

Entries made in the general ledger to correct errors, update account balances, or reallocate funds across accounts.