What Are Contract Lobbyists

question 3

Multiple Choice

What are contract lobbyists?

• A) They are employees of a trade, professional, or labor association and represent that group's interests only.
• B) They are lobbyists that seek long-term contracts, usually five to ten years, for development and construction companies that build administrative buildings, courts, and fire and police stations.
• C) They are advocates-for-hire and often represent multiple clients on a variety of issues at the same time.
• D) They specialize in policy that involves the governor, president, and foreign heads of state.

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Definitions:

Process Costing

A costing method used for homogenous products, which assigns costs to units of product based on the process they go through.

Equivalent Unit

A measure used in accounting to express the amount of work done by employees or the amount of goods produced in terms of fully completed units.

Process Costing

is a costing method used where production is continuous, assigning costs to units of product based on the processes they go through.

Conversion Costs

Costs related to transforming raw materials into finished goods, specifically including direct labor and manufacturing overhead expenses.