Which of the Following Statements Is TRUE

question 47

Multiple Choice

Which of the following statements is TRUE?

• A) Interest groups tend to have a narrow focus on special issues, while major political parties are generally all encompassing with more broad ideological approaches.
• B) Interest groups are for-profit organizations, whereas political parties are nonprofit entities.
• C) Interest groups are heavily regulated by federal election laws, whereas political parties enjoy considerable freedoms and prerogatives.
• D) Interest groups may contribute unlimited and unreported amounts of money to political campaigns, whereas political parties have strong restrictions.
• E) Approved interest groups receive funding from the federal government, whereas political parties must raise their funds privately.

---

Definitions:

Balance Per Company's Records

This refers to the amount shown in a company's financial records or accounting books.

Balance Per Books

The ending balance in a company's accounting records for a specific account.

Notes Collected

Receipts from the collection of promissory notes, representing cash inflows from financial claims against others.

Balance Per Books

The amount of money shown in the company's financial records, not necessarily reflecting cash available or actual account balances due to outstanding transactions.