A Political Party Differs from an Interest Group in That

question 16

Multiple Choice

A political party differs from an interest group in that

• A) political parties want to operate the government and interest groups do not.
• B) political parties do not want to operate the government and interest groups do.
• C) individuals must pay dues to a political party but not to an interest group.
• D) individuals in a political party agree on all major policy issues.
• E) interest groups select candidates to run for office, political parties do not.

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Definitions:

Acquisition Fair Value

The price that would be paid to acquire an asset or the amount received to assume a liability during a business combination.

Business Combination

The coming together of separate entities or businesses into one reporting entity through a variety of transactions such as mergers or acquisitions.

Equity Securities

Equity securities are financial instruments that signify ownership in a company or an entity, and represent a claim on part of its assets and earnings.

Pre-2009 Business Combination

Refers to business mergers or acquisitions that occurred before the implementation of the revised accounting standards in 2009.