Accounting Information Is a Public Good

question 7

True/False

Accounting information is a public good.

---

Definitions:

Final Rule

A regulatory or policy statement issued by an administrative agency that has completed the proposal, consideration, and public comment stages, now serving as a definitive ruling.

Notice-And-Comment Rulemaking

A procedure that requires federal agencies to publish proposed rules in the Federal Register and allow the public to comment before they can be enacted.

Public Comment

A period during which members of the public can express their opinions or provide feedback on specific issues before a final decision is made by authorities or organizations.

Proposed Rule

A draft regulation or law put forward for discussion before it is formally adopted and implemented.