In 2012, Mitt Romney Said That If Elected He Would

question 20

Multiple Choice

In 2012, Mitt Romney said that if elected he would work to ensure no tax increases. President Barack Obama said that if he were reelected he would support marriage equality for same-sex couples. These are examples of the candidates':

• A) attack ads.
• B) ground game.
• C) opposition research.
• D) platforms.
• E) debating strategies.

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Definitions:

Leveraged Lease

A financial lease where the lessor borrows a substantial fraction of the cost of the leased asset.

Firm's Balance Sheet

A document detailing a firm's assets, liabilities, and equity owned by shareholders at a certain moment.

Generally Accepted Accounting Principles

The common set of accounting principles, standards, and procedures that companies use to compile their financial statements.

Lessee

The user of an asset in a leasing agreement. The lessee makes payments to the lessor.