Why Did the Democratic National Convention Agree in 2016 to Establish

question 67

Multiple Choice

Why did the Democratic National Convention agree in 2016 to establish a commission that would create new rules for how superdelegates must vote in the 2020 convention?

• A) Superdelegates can give an unfair advantage to party leaders.
• B) Superdelegates cannot influence the outcome of the nominating process.
• C) Delegates have too much electoral power.
• D) Delegates must wait to determine how superdelegates will vote.

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Definitions:

Cash Equivalents

Short-term, highly liquid investments that are readily convertible to known amounts of cash and close to their maturity.

Basis of Measurement

The specific basis chosen to measure various types of assets, liabilities, income, and expenses, such as historical cost, fair value, and amortized cost.

Accrual

An accounting method that records revenues and expenses when they are incurred, regardless of when cash transactions occur.

Net Cash Inflow

The difference between all cash received and all cash spent by a company during a specific period.