Which of the Following Is True of Governments as Social

question 68

Multiple Choice

Which of the following is true of governments as social institutions?

• A) Governments influence thinking and behavior through the enforcement of a variety of laws affecting consumption and marketing behaviors.
• B) Compared with the early and direct influences of family, religion, school, and the media, governments hold relatively more sway.
• C) Americans increasingly complain about the detrimental effects of the government on American culture.
• D) Governments influence all aspects of the culture except for consumer behavior.
• E) Governments are the first social institution a person is exposed to outside his or her home in all cultures.

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Definitions:

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset since its acquisition, representing the cumulative reduction in the asset's value.

GAAP

A set of widely adhered to accounting norms and guidelines for the preparation of financial statements.

Annual Depreciation Expense

The portion of the cost of a fixed asset that is expensed each year over its useful life, reflecting wear and tear, deterioration, or obsolescence.

Double Declining-Balance Depreciation

An accelerated depreciation method that double the rate of straight-line depreciation, decreasing the value of assets more quickly.