Fenno's Primary Constituency Includes Which of the Following

question 23

Multiple Choice

Fenno's primary constituency includes which of the following?

• A) Every constituent and structure in the district
• B) Every member of the member's political party in the district
• C) The member's most loyal voters
• D) None of the above

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Definitions:

Net Capital Loss

The financial loss that occurs when the total capital losses from investments exceed the total capital gains in a fiscal year.

Carry Back

A tax provision that allows a business to apply current year net operating losses to past tax years to receive a tax refund for previously paid taxes.

Carry Forward

A tax provision allowing taxpayers to apply a current year's unused tax credits or losses to future tax years.

80% Test

A requirement or threshold in various contexts where at least 80% of some criteria must be met, but in finance, it often relates to rules around shareholder voting rights or dividend distribution policies.