(Consider This) Which of the Following Is an Example of Voter

question 51

Multiple Choice

(Consider This) Which of the following is an example of voter failure?

• A) Voters support adding stoplights that would increase congestion and travel costs without increasing safety or convenience.
• B) Government officials ignore voter calls for regulations that would reduce negative externalities and enhance efficiency.
• C) Voters wanting greater highway safety are unable to express their preferences on how to achieve it because the voting system doesn't allow it.
• D) Voters wanting more government services are divided on what services they most prefer, leaving government officials to determine what is best.

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Definitions:

Obsolete Goods

Items that are no longer useful or saleable due to changes in technology, style, or customer preferences, often leading to inventory write-offs.

Original Cost

The initial cost of acquiring an asset or service, including all expenses related to the purchase.

Internal Control

Processes and procedures implemented by a company to safeguard its assets, enhance the reliability of its accounting records, promote efficient operations, and ensure compliance with laws and regulations.

Physical Count

A physical count involves manually counting the actual inventory to verify accuracy against inventory records, often used for audit purposes or to correct discrepancies.