Which Statement Best Reflects the Political Problems Associated with Free

question 47

Multiple Choice

Which statement best reflects the political problems associated with free trade?

• A) The costs are spread wide to many, but the benefits accrue heavily on a few.
• B) The benefits are spread to the rich, but the costs accrue to the poor.
• C) The benefits are spread wide to many, but the costs accrue heavily on a few.
• D) The costs are spread to the rich, but the benefits accrue to the poor.

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Definitions:

Accounting System

A comprehensive process of collecting, recording, classifying, and summarizing financial information for business transactions.

Feedback

Measures provided to operational employees or managers on the performance of subunits of the organization. These measures are used by employees to adjust a process or a behavior to achieve goals. See management by exception.

Systems Analysis

The process of studying and analyzing a system to identify its goals and purposes and to create systems and procedures that will achieve them in an efficient way.

Legal Organization

The way a business is structured legally, such as a corporation, partnership, or sole proprietorship, affecting liability and tax treatment.