The Phrase Power Vertical Refers to the Idea That

question 41

Multiple Choice

The phrase power vertical refers to the idea that

• A) a single party or party bloc should dominate politics.
• B) there should exist an integrated and hierarchal structure of executive power ranging from the national to the local level.
• C) political power should flow upward from "the people."
• D) federal officials should be free to interfere with regional politics.
• E) regional governments should have some say in the making of federal policy and the federal government should have some say in the making of regional policy.

Familiarize with the concept and implications of Unearned Revenues and Dividends in accounting.

Discern the process for determining the balance of an account and the impact of transactions on account balances.

Understand the basic concepts of debits and credits in accounting transactions.

Identify the characteristics and normal balances of different types of accounts (assets, liabilities, equity, revenue, expenses).