Which of the Following Was a Significant Expansion of Government

question 74

Multiple Choice

Which of the following was a significant expansion of government action into a new policy area during the Great Society?

• A) the first attempts at regulating food and drugs
• B) the establishment of Social Security
• C) government involvement in guaranteeing civil rights
• D) expanded regulation of financial reporting requirements for corporations
• E) the creation of the civil service system

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Definitions:

Total Collection Time

The total amount of time taken to collect payments from customers from the point of sale to the actual receipt of funds.

Customer Cheques

Checks written by customers to pay for goods or services.

Monthly Statements

Financial reports that are issued at the end of each month detailing the financial activities, such as income and expenses, over the course of that month.

Collection Time

The standard timeframe a business needs to obtain amounts owed by its customers.