The Attempt to Ensure That Governing Bodies Are Representative of Major

question 25

Multiple Choice

The attempt to ensure that governing bodies are representative of major demographic groups in proportions similar to their representation in the population at large is known as ________ representation.

• A) descriptive
• B) substantive
• C) proportional
• D) symbolic
• E) delegate

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Definitions:

Fixed Assets

Long-term tangible assets that a firm uses in its operations and that are not expected to be consumed or converted into cash within a year.

Receivables

Money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Modified Accelerated Cost Recovery System (MACRS)

A method of depreciation used for tax purposes in the United States that allows businesses to recover investments in certain property over a specified life through annual deductions.

Tax Deductions

Expenses that can be subtracted from gross income to reduce taxable income and overall tax liability.