Which of These Is NOT One of the Three Parts

question 32

Multiple Choice

Which of these is NOT one of the three parts of parties?

• A) The county courts.
• B) The party organization itself.
• C) The party leaders in government.
• D) The people who identify with a party in the electorate.

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Definitions:

Expense

Costs incurred in the process of generating revenue, reflected in the income statement.

Asset

An economic resource owned or controlled by an individual or corporation, expected to provide future benefits.

Liability

Economic responsibilities or liabilities an organization has to other parties, which require repayment over a period via the exchange of economic assets.

Equity

The value of an owner's interest in a property or business, calculated by subtracting liabilities from assets.