​Which of These Are Ways That Private Individuals Have an Advantage

question 6

Multiple Choice

​Which of these are ways that private individuals have an advantage over government servants trying to protect the public interest?

• A)through interest groups and personal contacts
• B)​through campaign contributions and political parties
• C)through indirect pressure exerted through legislators
• D)​old-fashioned, preindustrial legal doctrines such as the rule of capture
• E)​all of these

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Definitions:

Adjusting Entries

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

Temporary Accounts

Accounts used to track transactions within a single accounting period, closed and reset at the period's end.

Account Balances

The amount of money in a financial account, determined by adding all credits and deducting all debits.

Adjusted Trial Balance

A list of all accounts and their balances after adjustments, used to verify the equality of debits and credits and to prepare financial statements.