Most States Require That a Voter Declare a Party Affiliation

question 60

Multiple Choice

Most states require that a voter declare a party affiliation ahead of time and, at the time of voting, he/she can only vote in that party's election. This process is called a(n)

• A) open primary.
• B) closed primary.
• C) the caucus.
• D) forced selection.
• E) restricted access.

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Definitions:

Pretax Income

The amount of income earned by a business before the deduction of taxes; it is found by subtracting all expenses, except tax expenses, from revenues.

Variable Cost

Variable cost refers to expenses that vary directly with the level of production output or sales volume, such as materials and labor.

Fixed Cost

Costs that do not change with the level of output produced, such as rent, salaries, and insurance.

Composite Units

A measure used in cost accounting for aggregating the cost of similar items or processes into a single figure.