Which of the Following Does Not Describe Governmental Policy Actions

question 39

Multiple Choice

Which of the following does not describe governmental policy actions that are helpful in supporting growth in an economy? Governmental policies that

• A)avoid playing any role in developing communication systems.
• B)provide secure rights to private property.
• C)establish an independent court system that enforces contracts.
• D)facilitate the development of an efficient financial system.

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Definitions:

Ledger

A comprehensive collection of a company's financial accounts, where all transaction data is recorded, including debits and credits.

Adjusting Entries

Journal entries made at the end of an accounting period to record revenues to the period they are earned and expenses to the period incurred.

Cost of Goods Sold

The expenses directly associated with the manufacturing of products a company sells, such as materials and labor.

Customer Returns

Goods or merchandise sent back to the retailer or manufacturer by the purchaser due to defects, dissatisfaction, or other reasons.