Which Among the Following Is Considered to Be a Benefit

question 4

Multiple Choice

Which among the following is considered to be a benefit of a unitary system?

• A) Local governments can claim greater degrees of power and autonomy
• B) The central government can easily shift blame for unpopular policies to regional or local governments
• C) The governing authorities may be more likely to work for the common good of the whole country
• D) The national legislature can more easily represent local interests

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Definitions:

Net Assets

The total assets of a company minus its total liabilities, representing the owners' equity in the company.

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, typically comprising the balance sheet, income statement, and statement of cash flows.

Profit-Oriented Business

A business that operates with the primary goal of earning revenue in excess of its operating costs.

Deferral Method

An accounting technique that involves postponing the recognition of certain revenues or expenses until a later accounting period.