Deregulation and Privatization Are a Part of Which of the Following

question 96

Multiple Choice

Deregulation and privatization are a part of which of the following forces in the general environment?

• A) Political and legal
• B) Technological
• C) Sociocultural
• D) Economic
• E) Demographic

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Definitions:

Accrual

The accounting method that recognizes revenues and expenses when they are incurred, regardless of when cash is exchanged.

Unexpired Insurance

The portion of paid insurance premiums that is applicable to future periods, representing coverage that has not yet been used or expired.

Accrued Asset

An asset that represents revenues or incomes that have been earned but not yet received in cash or recorded.

Fiscal Period

A specific time period for which a business conducts financial accounting and reporting, often a year, split into quarters or months.