Identify at Least Two Risks That Have Been Associated with Government

question 6

Multiple Choice

Identify at least two risks that have been associated with government nurturing young industries

• A)Such protection can discourage domestic industry from increasing competition and engaging in innovation
• B)there is a question as to whether consumers are better or worse off from such practices as it comes at the expense of blocking access to cheaper foreign goods or services
• C)a & b
• D)none of the above

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Definitions:

Non-cash Charges

Expenses reported on the income statement that do not involve a direct cash outflow, such as depreciation or amortization.

Direct Materials Budget

A financial plan that estimates the cost of raw materials required for production.

Beginning Inventory

The value of goods available for sale or use at the start of an accounting period, carried over from the end of the previous period.

Budgets

Financial plans that estimate revenue and expenditures over a specific time period.