Which of the Following Is a Type of Command-And-Control Regulation

question 43

Multiple Choice

Which of the following is a type of command-and-control regulation?

• A) A law setting the maximum allowable amount of sulfur dioxide (SO₂) in a certain district, and auctioning off permits totaling the allowable tons of SO₂.
• B) A law requiring coke ovens to be built in a certain way so as to restrict the amount of pollution they emit.
• C) A law taxing users of fuels according to the carbon content in the fuel.
• D) A law requiring consumers of electronics to pay a tax according to the amount of toxic heavy metals in each item purchased.

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Definitions:

Internal Control

Procedures and policies implemented by a firm to protect its assets, ensure accurate and reliable financial reporting, promote operational efficiency, and encourage adherence to laws and regulations.

Segregation of Duties

A principle in accounting and corporate governance that aims to reduce the risk of error and fraud by dividing responsibilities among different individuals or departments.

Accounts Receivable

Financial obligations of clients or customers towards a business for received goods or services that are awaiting payment.

Subsidiary Ledger

A subsidiary ledger is a group of similar accounts whose totals summarize into a single amount shown in the general ledger, aiding detailed financial analysis and tracking.