Use the following information to answer Questions 7 and 8 I Free riders Free market approach Il Lobbying IV Standard setters 7 Which of these terms are associated with private interest theory? a) l and Il b) Ill and IV. c) I and IV. d) ll and Ill 8 Which of the following statements is INCORRECT? a) I are likely to over-demand accounting information because it is free. b) II requires financial resources and organisation. c) Ill will ensure that firms disclose comparable information. d) IV could be government or another body