Which of the Following Statements About Minor Parties in the United

question 89

Multiple Choice

Which of the following statements about minor parties in the United States is correct?

• A) They have been a major force in many national elections, most recently in 1986.
• B) They have been virtually nonexistent in U.S. political history.
• C) They generally downplay ideology in favor of winning elections.
• D) They were once discouraged by the election laws of many states.
• E) The ones that have endured have been nonideological.

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Definitions:

FIFO

An inventory valuation method where the first items produced or purchased are the first used or sold.

FIFO

"First In, First Out," an accounting method for valuing inventory where the first items placed in inventory are the first sold.

Current Costs

The costs that would have to be incurred to replace or reproduce an asset in the current period, under current market conditions.

Absorption Costing

An accounting method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed manufacturing overhead - in the cost of a product.