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:

Reported

Information that has been formally communicated or disclosed, often referring to financial data or significant events in a company.

Accrue

The process of recognizing revenue or expenses that have been earned or incurred but not yet officially recorded or received in cash.

Total Liabilities

The sum of all financial obligations or debts a company owes, including both short-term and long-term liabilities.

Incurred Expense

Expenses that have been recognized in the accounting period in which they are incurred, regardless of when the payment is made.