The 2008 Election Was Unusual Because

question 51

Multiple Choice

The 2008 election was unusual because

• A) it produced an evenly divided Senate for the first time in a century.
• B) the same party won not only the presidency but also majority control in both the House of Representatives and the Senate.
• C) it was the first time a non-Christian won the presidency.
• D) an independent candidate won the presidency for the first time.
• E) one party won the presidency and Senate, while the other won the House of Representatives.

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Definitions:

Net Sales

Net Sales are the revenue from the sale of goods or services minus returns, allowances for damaged or missing goods, and discounts.

Selling Expense

Costs incurred directly from the sale of products or services, excluding production costs.

Promissory Note

A financial instrument that contains a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.

Maker

In financial terms, the party that issues or creates an instrument, such as a check or promissory note, effectively promising to pay the amount specified.