Prospective Voting Is Characterized by

question 25

Multiple Choice

Prospective voting is characterized by

• A)a sudden shift in the vote from one party to another.
• B)choices based on party loyalty.
• C)choices based on a candidate's past performance.
• D)choices based on what candidates promise to do if elected.
• E)the symbolism of a candidate's personality.

---

Definitions:

Operating Lease

A lease agreement allowing the use of an asset without ownership, typically with shorter terms, where the lessor retains the risks and benefits of ownership.

Firm's Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, giving a snapshot of its financial condition.

Generally Accepted Accounting Principles

A collection of commonly followed accounting rules and standards for financial reporting.

CRA

CRA can refer to a Credit Rating Agency, which is an organization that assigns credit ratings to issuers of certain types of debt securities, as well as the debt instruments themselves.