The Scope of the Interest Group Universe Has ______

question 30

Multiple Choice

The scope of the interest group universe has ______.

• A) shrunk considerably after Congress passed new laws limiting how much contact lobbyists could have with legislators
• B) remained constant at the federal level but exploded at the state level because devolution has shifted more policies to the states
• C) more than tripled between the 1960s and 1990s, as both private and public interests employ lobbyists in Washington, D.C.
• D) remained steady because the policy gridlock in Washington, D.C., has meant fewer opportunities to lobby

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Definitions:

Ending Inventory

The value of goods available for sale at the end of an accounting period, calculated as the beginning inventory plus purchases minus the cost of goods sold.

FIFO

"First In, First Out," an inventory valuation method where goods first added to inventory are the first ones sold.

Ending Inventory

The final value of goods available for sale at the end of an accounting period, calculated by adding purchases to beginning inventory and subtracting cost of goods sold.

FIFO

First-In, First-Out, an inventory valuation method where goods first bought are the first to be sold, assuming that the oldest inventory items are sold before newer ones.