The Effect of the McGovern-Fraser Commission Was ______

question 50

Multiple Choice

The effect of the McGovern-Fraser Commission was ______.

• A) to enable party leaders to pick a candidate who would help the whole party on Election Day
• B) to create a system of campaign financing that enabled candidates outside of the mainstream to have enough resources to compete
• C) it changed the system so the party base has more influence than insiders
• D) it changed how the Republican Party chose delegates to the national convention in order to reduce the influence of social conservatives

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Definitions:

Single Source

The practice of obtaining a particular product, service, or component from a single supplier, making the supplier the exclusive provider.

Average Cost

The total cost of goods available for sale divided by the total units available for sale, determining the cost of inventory.

WACC

The Weighted Average Cost of Capital (WACC) is a calculation of a firm's cost of capital in which each category of capital is proportionately weighted. It represents the minimum return that a company must earn on its existing asset base to satisfy its creditors, owners, and other providers of capital.

Component Cost

The cost associated with each separate element (debt, equity, etc.) that comprises the overall cost of capital for a firm.