The Election of State Judges Can Make Courts More ________

question 16

Multiple Choice

The election of state judges can make courts more ________, but it potentially undercuts their role in ________.

• A) responsive to special interests; looking after the public
• B) responsive to public opinion; protecting minority rights
• C) representative of different constituencies; standing up for the majority
• D) political; being fair
• E) democratic; being nonpartisan

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Definitions:

Net Present Value

The difference between the present value of an investment project’s cash inflows and the present value of its cash outflows.

Discount Rate

The discount rate employed in the evaluation of discounted cash flow (DCF) to ascertain the current worth of prospective cash flows.

Overhaul Costs

Expenses associated with performing major maintenance or repairs to extend the life of an asset.

Salvage Value

The anticipated remaining worth of an asset when it reaches the end of its operational lifespan.