One Advantage of Direct Contact Between Elected Officials and the Public

question 41

Multiple Choice

One advantage of direct contact between elected officials and the public versus the use of public opinion polls is that direct contact ______.

• A) allows Congress to talk to more people collectively than pollsters talk to when taking polls
• B) makes it less likely that certain public concerns will be overlooked
• C) is always more accurate than a poll
• D) provides more representative samples of public opinion
• E) requires less time than it takes to conduct polls

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Definitions:

Conversion Cost

The sum of labor and overhead expenditures incurred to convert raw materials into finished goods.

FIFO Method

"First In, First Out," an inventory valuation method where goods that are first added to inventory are the first ones considered sold, used in accounting to calculate cost of goods sold and ending inventory.

Equivalent Units

A concept in cost accounting used to express the amount of materials, labor, and overhead a company has put into production in terms of fully finished units.

First-In, First-Out Method

An inventory valuation method where the cost of the earliest goods purchased is the first to be recognized in determining cost of goods sold.