How Is the Party Platform Approved

question 59

Multiple Choice

How is the party platform approved?

• A) by the national committee
• B) through the primary and caucus process
• C) by the party's congressional leadership team
• D) at the nominating convention, held every four years
• E) directly by registered voters

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Definitions:

Non-Controlling Interest

A minority ownership interest in a subsidiary that is not owned by the parent company, usually reflected in the equity section of the parent's balance sheet.

Unrealized Gain

Profits that have been earned on paper from an investment but have not been realized through a sale, and thus are not included in the income statement until realized.

Amortization

The gradual reduction of a debt or the allocation of the cost of an intangible asset over a period of time.

Fair Value Increments

Adjustments made to the book values of assets or liabilities to reflect their fair value at the time of acquisition in a business combination.