The Party Organization, the Party in Government, and the Party

question 43

Multiple Choice

The party organization, the party in government, and the party in the electorate are considered

• A) three connected components that make up a realignment.
• B) three separate and largely independent pieces that compose American political parties.
• C) three necessary components to form a party system.
• D) three necessary conditions for conditional party government.

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Definitions:

Prepaid Expense

Payments made in advance for goods or services to be received in the future, recorded as an asset on the balance sheet until the expense is incurred.

Interest Revenue

Income earned from the lending of money or from investments in interest-bearing accounts.

Account Payable

An amount owed by an entity to a creditor for goods and services purchased on credit; considered a short-term liability.

Account Receivable

Funds that are owed to a company by clients or customers who have received goods or services on credit.