Answered: Which of the following is not an…

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Accounting

Which of the following is not an inherent power of a government?

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter1: Quality Auditing: Why It Matters

Section: Chapter Questions

Problem 14CYBK

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Question

Which of the following is not an inherent power of a government?

A. Eminent Domain

B. Police Power

C. Taxation

D. People Power

Rules by which an authority (usually a government) imposes a financial obligation on individuals or organizations within its domain. Property or transactions can be taxed. While taxes are primarily intended to fund the operation of a government, many tax laws are created to encourage or discourage certain behaviors by citizens or companies.

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2) Explain the governmental Units , business type and fiduciary type with example?
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