A Contemporary Legislator Who Voted for a Bill Because of a Belief

question 58

Multiple Choice

A contemporary legislator who voted for a bill because of a belief in its benefit,even though his constituents back home overwhelmingly opposed the bill,would be performing the Edmund Burke role of

• A)trustee.
• B)delegate.
• C)statesperson.
• D)politician.
• E)oversight.

---

Definitions:

Financing Activities

Transactions that result in changes in the size and composition of the equity capital or borrowings of the entity, as reported in a company’s cash flow statement.

Non-current Liability

Liabilities that are not due within the next twelve months, such as long-term loans, bonds payable, and deferred tax liabilities.

Short-term Loans

Loans scheduled to be repaid in less than a year, typically used for immediate cash flow needs or small-scale expenses.

Cash Flows

Cash flows refer to the inflows and outflows of cash and cash equivalents, representing the operating, investing, and financing activities of an entity during a specific period.