What Is a Key Effect of Electoral College Votes Being

question 32

Multiple Choice

What is a key effect of Electoral College votes being counted on a winner-take-all basis in all but two states?

• A) Candidates have to raise considerable amounts of money during the general election campaign.
• B) The electoral vote margin exaggerates the popular vote margin, which then legitimizes the winner's victory.
• C) Despite being different votes, electoral- and popular-vote margins tend to mirror each other closely.
• D) Electoral votes are won almost too easily by third-party candidates.
• E) Candidates are forced to visit all or nearly all states in order to sew up the election.

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Definitions:

Bad Debt Expense

An expense reported on the income statement, representing the amount of receivables a company does not expect to collect.

Allowance for Doubtful Accounts

A contra-asset account that represents an estimate of the amount of accounts receivable which may not be collected, reducing the gross amount of receivables reported on the balance sheet.

Balance Sheet

A report detailing a firm's assets, liabilities, and owners' equity at a particular moment, offering a glimpse into its financial health.

Contra-Asset Account

An account on a company's balance sheet that reduces the value of a related account.