Edmund Burke's Idea of Representatives as Trustees Was Based on the Claim

question 54

Multiple Choice

Edmund Burke's idea of representatives as trustees was based on the claim that

• A)representatives should follow their own judgment of the public interest.
• B)representatives should follow the voters' judgment of the public interest.
• C)indirect election is a more trustworthy means of discovering the public interest.
• D)direct election is a more trustworthy means of discovering the public interest.
• E)None of these answers is correct.

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Definitions:

Direct Write-off Method

An accounting practice where uncollectible accounts receivable are directly written off against income at the time they are deemed uncollectible.

Uncollectible Receivables

Debts owed to a company that are considered impossible or highly unlikely to be paid, often written off as bad debt.

Bad Debt Expense

An estimated expense that represents the amount of receivables that a company does not expect to collect due to customers' inability to pay.

Allowance for Doubtful Accounts

An estimation of the amount of accounts receivable that may not be collectible, serving as a contra asset account.