How Would You Characterize the Distribution of PAC Money to Congressional

question 17

Multiple Choice

How would you characterize the distribution of PAC money to congressional candidates since 1998?

• A)Contributions to challengers steadily increased through 2012.
• B)Incumbents continue to receive fewer contributions than their challengers.
• C)PACs continue to contribute disproportionately to incumbents.
• D)PAC contributions have decreased significantly.

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Definitions:

Prospective Approach

A method of accounting that applies new standards or changes in accounting policy to transactions occurring after the date of the change or standard implementation.

Debit

An entry on the left side of an account, representing an increase in assets or expenses, or a decrease in liabilities, equity, or revenue.

Increase

An uptick or rise in a statistical value or quantity.

Diluted Earnings Per Share

A metric that shows the quality of a company's earnings per share if all convertible securities were exercised.