Running for Public Office Has Become Increasingly Expensive

question 43

Multiple Choice

Running for public office has become increasingly expensive. In an effort to level the playing field and diminish the role of private money, most states

• A) have banned PACs and forbidden direct contributions from corporations, labor unions, and other special interest groups in state elections.
• B) have limited the influence of soft money and PACs because of the U.S. Supreme Court's ruling in Buckley v. Valeo.
• C) now provide public financing for all major elections.
• D) limit contributions and many now provide for public financing.

Distinguish between variable costing and absorption costing net operating incomes.

Identify the contribution margin and its significance in profit planning.

Calculate break-even points for individual divisions and the company as a whole.

Understand the allocation of common fixed expenses to divisions and its impact on division performance.