Which of the Following Best Describes the Reason That the Two-Party

question 29

Multiple Choice

Which of the following best describes the reason that the two-party system has endured in the United States?

• A) Constitutional provision for a bipartisan system that mirrors the bicameral legislature
• B) Prevalence of single-member electoral districts
• C) Prevalence of multimember electoral districts
• D) Rules of proportional representation
• E) Constitutional restriction on the speech of third-party candidates

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Definitions:

Journalizing

The process of recording financial transactions in the accounting journal.

Journal

A basic accounting record where all the financial transactions of a business are initially recorded in chronological order before being posted to accounts in the ledger.

Liability Accounts

Accounts on a balance sheet representing what a company owes to others, including loans, mortgages, and accounts payable.

Debits

Entries on the left-hand side of an accounting ledger, indicating increases in assets or expenses or decreases in liabilities or equity.