What Is Most Likely to Happen When the Leader Around

question 72

Multiple Choice

What is most likely to happen when the leader around whom a splinter party is formed steps aside?

• A) The party will be renamed.
• B) The party will face dealignment.
• C) The party will have to change its label.
• D) The party will collapse.
• E) The party will become ineligible for elections.

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Definitions:

Voucher System

A control mechanism in accounting that uses vouchers to record transaction details and authorize cash disbursements.

Voucher System

An internal financial control system for managing disbursements and ensuring all transactions are properly documented and approved before payments are made.

Periodic Inventory Method

An accounting method where inventory is physically counted at the end of each period to determine the cost of goods sold and ending inventory.

Petty Cash Fund

Fund (source) that allows payment of small amounts without the writing of checks.