Which of the Following Is LEAST LIKELY to Be a Government

question 42

Multiple Choice

Which of the following is LEAST LIKELY to be a government role in a market-directed economy?

• A) To set rules to protect individual rights and freedom.
• B) To supervise the economy.
• C) To provide things such as mass transportation and highways, national defense, police and fire protection, and public health services.
• D) To control interest rates and the supply of money.
• E) To determine prices-and thereby allocate resources and distribute income.

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Definitions:

Account Receivable

Money owed to a company by its clients or customers for goods or services delivered or used but not yet paid for.

Internal Control

Methods and rules a company adopts to maintain the accuracy of financial and accounting data, encourage responsibility, and stop fraudulent activities.

Establishing Control Procedures

The process of implementing policies and procedures to ensure that an organization's objectives are achieved efficiently and effectively, reducing the risk of fraud or error.