Which of the Following Is True of Presidential Elections

question 24

Multiple Choice

Which of the following is true of presidential elections?

• A) Voters elect the president directly.
• B) The number of electors equals each state's number of senators (two) plus its number of representatives.
• C) Electors have always voted for the candidate who won their state's vote.
• D) The House of Representatives usually picks the winner.
• E) The Senate selects the winner from among the top three vote getters.

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Definitions:

Net Realizable Value

Net Realizable Value is the estimated selling price of goods minus the estimated cost of completion and sales expenses.

Accounts Receivable

Unpaid amounts by customers for goods or services already supplied by a company.

Write Off

The accounting action of declaring that an asset is partially or totally worthless, reducing its value to zero in the books.

Contra-Revenue Account

An account that is used to record reductions in gross revenue, such as sales returns, allowances, and discounts.