Explain the Strengths and Weaknesses of the Electoral College

question 5

Essay

Explain the strengths and weaknesses of the electoral college.

---

Definitions:

Fixed Costs

Costs that do not change with the level of output or sales, such as rent, salaries, and insurance.

Outside Supplier

An outside supplier is a third party that provides goods or services to a company, which are outside of the company's internal production process.

Operating At Capacity

The state of a company utilizing its resources, such as production facilities, at maximum potential without incurring additional capital expenditures.

Usual Selling Price

The regular or typical price at which a product is sold under normal market conditions.