In Order to Be Successful and Effective, a Democracy Relies

question 55

Multiple Choice

In order to be successful and effective, a democracy relies upon which of the following important assumptions?

• A) That political parties will always serve the best purpose of the people with the best motives
• B) That citizens have the necessary information and skills to be able to understand political issues and provide informed input
• C) That citizens do not know what they want, therefore political parties are formed to structure the decisions for the voters
• D) That most citizens are incapable of making clear and rational choices in elections
• E) That only those citizens who are literate and have shown that they understand the issues should be allowed to vote

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Definitions:

Accounting Periods

Specific spans of time for which financial reports are prepared, usually quarterly or annually.

Prepaid Expense

Expenses paid in advance and recorded as assets before they are used or consumed.

Consumed

Consumed refers to the portion of resources, goods, or services that have been used up in the process of generating revenue.

Accounting Period

A specific period of time covered by financial statements, usually encompassing a fiscal quarter or year.