There Are Two Candidates in an Election: George and Lucille

question 39

Multiple Choice

There are two candidates in an election: George and Lucille. George is a liberal, while Lucille is a conservative. The electorate is 40 percent liberal, 15 percent moderate, and 45 percent conservative. If both George and Lucille rely on median voter theorem to guide their campaign strategies, what type of campaign will each run?

• A) George will run a very liberal campaign, while Lucille will run a very conservative campaign.
• B) Lucille will run a very liberal campaign, while George will run a very conservative campaign.
• C) Both will run extremely liberal campaigns.
• D) Both will run moderate campaigns.
• E) Both will run extremely conservative campaigns.

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Definitions:

Payroll Accrual

The process of recording salaries and wages that have been earned by employees but not yet paid by the company.

Books Closed

A term referring to the point at which an accounting period is concluded and all financial statements are finalized.

Payday

The day on which an employee receives their salary or wages, typically occurring on a regular basis.

Total Equity

The total net value owned by shareholders, calculated as total assets minus total liabilities.