People Who Spend More Time and Effort Investigating the Advantages

question 43

Multiple Choice

People who spend more time and effort investigating the advantages and disadvantages of different automobile models when they go to purchase one than they do investigating the strengths and weaknesses of presidential candidates are saying, in effect, that

• A) a good car is more important to their well-being than a good president.
• B) they expect to use the information on the merits of alternative cars to greater personal advantage than they could information on the merits of alternative presidential candidates.
• C) they are irrational, because the choice of a president is obviously far more important than the choice of a car.
• D) they do not think it matters who is elected president.

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Definitions:

General Fund

The principal fund of a governmental entity, covering most basic operational activities and services.

Deferral Method

An accounting practice where revenue or expenses are recognized at a date later than when they were initially incurred, often applied to revenue received in advance or prepayments of expenses.

Pledge

A commitment or security for the payment of a debt, performance of an action, or purchase of a good.

Estate

The total value of all the assets owned by an individual at the time of their death, including property, cash, and investments, minus any liabilities.