________ Was an Early Step in Restricting the Revolving-Door Phenomenon

question 19

Multiple Choice

________ was an early step in restricting the revolving-door phenomenon.

• A) The law that created the General Land Office ad prohibited any of its accountants from seeking employment in the oil industry
• B) The 1991 HealthCare Accountability Act restricting employees of state health and welfare agencies from seeking employment with private health care companies
• C) The law that created the Public Utility Commission and prohibited its employees from immediate employment in the utilities industry
• D) Legislation passed in 1978 that cut the pension of any Texas Railroad Commission employee who sought employment in the railroad industry
• E) Legislation drafted in the early 1980s preventing the senior management of any state agency from obtaining consulting jobs after retiring

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Definitions:

Prepared

The state of having something ready for use or consideration, often used in the context of financial documents or plans.

Adjusted Trial Balance

A list of all accounts and their balances after adjusting entries are made, used to prepare financial statements.

Liabilities

The rights of creditors that represent debts of the business.

Period

Period refers to a length or portion of time, often defined in the context of financial reporting or cycles.