The First Goal of an Individual Planning to Run for Office

question 190

Multiple Choice

The first goal of an individual planning to run for office is to

• A) hire a paid staff of advisers.
• B) get mentioned as a possible candidate.
• C) develop a strategy for the campaign.
• D) raise money from individuals and political action committees (PACs).
• E) replace party leaders with avid supporters.

---

Definitions:

Compounded Annually

An investment or loan interest calculation method where interest is added to the principal sum at the end of each year, with future interest then earned on the new total.

Present Value

Today's value of future cash flows or a lump sum, calculated using an established return rate.

Discounted

The process of determining the present value of a payment or a series of payments made in the future, using a specific discount rate.

9%

Typically refers to a specific interest rate or percentage in financial contexts, such as a loan interest rate or investment return rate.