In a ____ Primary, If No Candidate Receives a Majority

question 6

Multiple Choice

In a ____ primary, if no candidate receives a majority of the vote, a second vote is held to determine the outcome.

• A) partisan
• B) closed
• C) runoff
• D) duplicate

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Definitions:

Straight-line Method

A depreciation method that allocates an equal amount of depreciation each year over the useful life of an asset.

MACRS

Modified Accelerated Cost Recovery System, a method of depreciation in the U.S. that allows businesses to recover investments in certain property through annual deductions.

Property

Physical or intangible assets owned by an individual or business, including land, buildings, and intellectual property.

Residential Rental Property

Real estate property that is used for housing tenants and includes houses, apartments, and townhouses.