Which of the Following Statements Is Incorrect

question 108

Multiple Choice

Which of the following statements is incorrect?

• A) Governments safeguard private property through police protection
• B) Governments enforce contracts through a judicial system
• C) Government antitrust laws try to promote competition by prohibiting collusion
• D) Government doesn't regulate the natural monopoly
• E) Government promotes full employment,price stability,and economic growth

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Definitions:

Operating Departments

Divisions or units within a business that are responsible for carrying out the primary business activities.

Departmental Contribution

The amount of profit or revenue that a specific department within a company generates, minus its direct costs.

Revenues

The total amount of income generated by the sale of goods or services related to a company's primary operations.

Joint Products

The simultaneous production of two or more products from a single process or material, where the products are of significant value but not necessarily the same value.