Which of the following is not an objective of financial reporting by state and local governments?

a. to assist users in assessing the adequacy of systems and controls.
b. to assist users in assessing financial condition and results of operations.
c. to assist financial report users in comparing actual financial results with the legally adopted budget.
d. to assist in determining compliance with finance-related laws, rules, and regulations

Consider the market for gasoline. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $17.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect the government has instituted a legal minimum price of $3.40 per gallon for gasoline. the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from paying more than $14.50 per hour.

Match each of the terms below with an example that fits the term. a. fungibility the production of gasoline b. inelasticity the switch from coffee to tea c. non-excludability the provision of national defense d. substitution the demand for cigarettes

Individual consumers belong to which step of choosing a target market? possible customers competition demographics communication