Which of the Following Statements Best Explains Campaign Finance Laws

question 67

Multiple Choice

Which of the following statements best explains campaign finance laws for candidates running for a seat in the Texas legislature?

• A) There is no limit on how much a PAC may contribute directly to a campaign.
• B) There is no limit on how much a corporation can donate directly to a campaign.
• C) There is no limit on how much a labor union can donate directly to a campaign.
• D) There are no disclosure requirements for campaigns and lobbyists.

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Definitions:

Accounts Payable

The balance of money owed to suppliers for goods or services purchased on credit and not yet paid.

Supplies Expense

The cost incurred from consuming supplies in the operations of a business, recognized as an expense when used rather than when purchased.

Billing

The process of issuing invoices to customers for goods or services provided.

Fees Earned

Revenue generated from providing services.