People Who Argue in Favour of Laissez-Faire

question 46

Multiple Choice

People who argue in favour of laissez-faire

• A)believe the government should play an active role in the economy.
• B)believe that income should be redistributed from the wealthy to the needy.
• C)are making a positive judgement.
• D)are making a normative judgement.

Understand the reasons behind issuing stock dividends.

Learn the implications of declaring dividends on company liability and equity.

Comprehend the role of the board of directors in declaring dividends and the differentiation between cash and stock dividends.

Understand the accounting treatment for declaring and distributing stock dividends.

---

Definitions:

Diffusion

The spread of cultural elements, ideas, technologies, or innovations from one area or social group to another.

Invention/Innovation

Occurs when existing cultural items are manipulated or modified to produce something new and socially valuable.

Discovery

The act of finding something unknown or unrecognized by others, often leading to new knowledge or understanding.

Cultural Relativism

The principle that an individual human's beliefs and activities should be understood by others in terms of that individual's own culture, rather than judging them by the standards of another culture.