The Combined Result of the 2010 Citizens United and Speechnow

question 4

Multiple Choice

The combined result of the 2010 Citizens United and Speechnow.org decisions is that super PACs

• A) must be treated in the exact same way as traditional PACs.
• B) are constitutional, but 527s are not.
• C) can accept unlimited contributions and make unlimited expenditures in federal elections.
• D) can accept unlimited contributions but can make only limited expenditures in federal elections.
• E) can accept contributions no higher than $2,000 per candidate per election, but can spend as much as they want on any federal race.

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Definitions:

Solvency

The ability of a company to meet its long-term financial obligations and continue its operations in the foreseeable future.

Fair Value

The estimated market value of an asset or liability based on current conditions and acknowledged by both buyer and seller.

Assets

Economic resources owned or controlled by a business or individual, expected to provide future benefits.

Complex Capital Structure

A corporate structure that features a mix of simple and complicated financial instruments, including multiple levels of debt and equity.