Government Laws and Policies Need to Be Uniformly Enforced

question 172

Multiple Choice

Government laws and policies need to be uniformly enforced. But this leads to all of the following problems, except

• A) inflexibility.
• B) massive paperwork.
• C) excessively detailed rules.
• D) haphazard application.

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Definitions:

Cash Discounts

A reduction in the invoice price offered by sellers to buyers for prompt payment of their bill.

Interest Days

The number of days over which interest is calculated on a loan or investment.

Non-Interest-Bearing Note

A financial instrument that does not accrue interest over time, meaning the borrower pays back only the principal amount borrowed.

Discount Rate

The interest rate charged by central banks on loans to commercial banks or the rate used in discounted cash flow analysis to determine the present value of future cash flows.