If a State Made a Previously-Illegal Activity,such as Gambling or Prostitution,legal,then,other

question 70

Multiple Choice

If a state made a previously-illegal activity,such as gambling or prostitution,legal,then,other things equal,GDP

• A) necessarily decreases.
• B) necessarily increases.
• C) doesn't change because both legal and illegal production are included in GDP.
• D) doesn't change because these activities are never included in GDP.

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Definitions:

Cash Drawer

A container or compartment within a cash register where cash from transactions is kept, often used in retail settings.

Internal Control

Processes and procedures implemented by a firm to safeguard assets, enhance the reliability of financial reports, and ensure compliance with laws and regulations.

NSF

An acronym standing for "Non-Sufficient Funds," indicating that a check cannot be honored due to inadequate funds in the payer's account.

Internal Control

Internal Control refers to the processes and procedures implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.