In California, an Organization That Can Raise Unlimited Sums of Money

question 14

Multiple Choice

In California, an organization that can raise unlimited sums of money from corporations, unions, associations, and individuals and then spend unlimited sums to overtly work for or against a candidate is called a(n)

• A) political party.
• B) political action committee.
• C) independent expenditure committee.
• D) public service committee.

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Definitions:

Life Vests

Safety devices designed to keep an individual afloat in water and reduce the risk of drowning.

Customer Account

An account that records all transactions between a business and its customers, including purchases, payments, and credits.

Subsidiary Ledgers

Detailed ledgers that contain financial information on specific accounts or areas, such as accounts receivable or payable, supporting the general ledger.

Accounts Receivable

Money owed to a business by its clients for goods or services that have been delivered but not yet paid for.