Which of the Following Would Support a Justification for a Government

question 12

Multiple Choice

Which of the following would support a justification for a government corporation?

• A)The U.S.Postal Service is more efficient than private companies at delivering the mail.
• B)The U.S.Postal Service is less efficient than private companies at delivering the mail.
• C)The Tennessee Valley Authority provides energy because it would be difficult for private firms to make a profit supplying energy.
• D)Amtrak trains are less efficient than private sector trains.
• E)Amtrak trains are more costly than private sector trains.

---

Definitions:

Payroll Tax Expense

Charges levied on both employers and employees, calculated as a proportion of the wages that employers distribute to their workers.

Wages Payable

A liability account that records the amounts owed to employees for work performed but not yet paid.

Liability

refers to any type of financial commitment or obligation that an entity is responsible for, such as debts and legal responsibilities.

Employer Identification Number

A unique nine-digit number assigned by the IRS for identification of businesses in the United States for tax purposes.