Liberals Differ from Conservatives in That the Former Are More

question 62

Multiple Choice

Liberals differ from conservatives in that the former are more likely to ______.

• A) prefer to change the Constitution through formal amendment
• B) be suspicious of change
• C) believe in strict construction of the Constitution
• D) be hostile to altering the Constitution through judicial interpretation
• E) see the Constitution as a living document that can be continually altered by judicial interpretation

---

Definitions:

Unrecognized Past Service Cost

Costs associated with pension plan benefits earned by employees in prior periods not yet reflected in financial statements.

Periodic Pension Expense

The total expense recognized in a period related to an organization’s pension plan.

Funded Status

The financial condition of a pension or other post-employment benefit plan, calculated as the difference between plan assets and obligations.

Defined Contribution Plan

A retirement plan in which the employer, employee, or both make contributions on a regular basis, but the final amount received by the employee depends on the plan's investment performance.