The Process Whereby Votes Are Exchanged to Gain Support for Legislation

question 47

Multiple Choice

The process whereby votes are exchanged to gain support for legislation is referred to as

• A) logrolling.
• B) rational ignorance.
• C) simple majority voting.
• D) special interest voting.
• E) a and d

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Definitions:

Equity Method

An accounting technique used to record investments in which the investor has significant influence over the investee but does not have full control.

Intra-entity Gross Profit

The profit recognized by entities within the same corporation on transactions among themselves, which may not be realized from an external perspective until the goods are sold to an outside party.

Cost of Goods Sold

Costs directly related to the production of goods a business sells, consisting of materials and labor costs.

Equity Method

An accounting technique used by firms to assess the profits earned from their investments in other companies, where the investment's value is adjusted in accordance with the investor's share of the investee's profits or losses.