The Primary Function of a Political Action Committee (PAC) Is

question 51

Multiple Choice

The primary function of a political action committee (PAC) is to

• A) raise grassroots support for a particular interest.
• B) build better networks between interest groups and political parties.
• C) raise and distribute money to election campaigns.
• D) produce and carry out an institutional advertising campaign.

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Definitions:

Report Income

The act of documenting and declaring earned income within a specific period for tax and accounting purposes.

Cash Surrender Value

The amount of cash that an insurance policyholder can receive upon cancelling the policy before its maturity or an insured event occurs.

Insurance Policy

A contract between an insurance policyholder and an insurer, outlining the claims which the insurer is legally required to pay in exchange for an initial payment, known as a premium.

Long-Term Investment

An investment strategy or vehicle designed to hold or grow funds over an extended period, usually several years or longer.