At the Beginning of Each Presidential Election Year, a Number

question 16

Multiple Choice

At the beginning of each presidential election year, a number of candidates descend upon the sites of early contests because

• A) a certain proportion of campaign money must be expended in each state in order to be eligible for federal matching funds.
• B) the national committees of the two major parties require all candidates to participate in at least two-thirds of the state primaries.
• C) candidates' names will be dropped from later primaries if they do not receive a minimum of 10 percent of the vote in each state.
• D) it is important for a candidate to establish momentum by winning early primaries and caucuses.
• E) none of the above

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Definitions:

Retained Earnings

The portion of a company's profits that are not distributed as dividends to shareholders but are kept by the company for reinvestment.

Retained Earnings

The portion of a company's profits that is kept or retained and not paid out as dividends to shareholders.

Dividends

Payments made by a corporation to its shareholder members. It is the share of profits and retained earnings that the company pays out to its shareholders.

Net Loss

The amount by which a company's total expenses exceed its total revenues, indicating a negative financial performance.