In January 2013, the Government Shut Down as Part of a Sequestration

question 2

Multiple Choice

In January 2013, the government shut down as part of a sequestration. Some reports focused more on negative consequences of sequestration, while others discussed how Tea Party members of Congress pushed for fiscal responsibility. What aspect of agenda setting does this represent?

• A) Selective attention
• B) Distorting
• C) Framing
• D) Priming
• E) Racial bias

---

Definitions:

Variable Costing

Variable costing is an accounting method that only includes variable production costs (direct materials, direct labor, and variable manufacturing overhead) in the cost of a product.

Net Operating Income

The total profit of a company after all operating expenses are subtracted from total revenues but before deducting taxes and interest.

Absorption Costing

An accounting method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed manufacturing overhead - in the cost of a unit of a product.

Net Operating Income

The total profit of a company after operating expenses are subtracted from operating revenues, but before deducting taxes and interest.