Which of the Following Would Be the Least Likely Result

question 134

Multiple Choice

Which of the following would be the least likely result of a binding price ceiling imposed on the market for rental cars?

• A)an accumulation of dirt in the interior of rental cars
• B)poor engine maintenance in rental cars
• C)free gasoline given to people as an incentive to a rent a car
• D)slow replacement of old rental cars with newer ones

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Definitions:

Cash Receipts Journal

A dedicated accounting journal used to record all cash inflows or receipts of a business.

Purchases Journal

A record of transactions specifically used for tracking all purchases of goods and services on credit.

General Journal

A basic accounting ledger that records all transactions of a business in chronological order, providing a detailed account.

Ethical Standards

Principled guidelines that govern the conduct of individuals and organizations, ensuring actions are morally right and fair.