How Is a Super PAC Different from a PAC

question 87

Multiple Choice

How is a Super PAC different from a PAC?

• A)PACs operate on the state level,while Super PACs are involved in politics on a national scale.
• B)Unlike PACs,Super PACs are allowed to endorse candidates.
• C)Super PACs are formed when two or more PACs join together to raise funds for a particular candidate.
• D)Unlike PACs,Super PACs may accept donations of any size.

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Definitions:

High-Technology

Pertaining to the most recent and advanced technology available, especially in the fields of electronics and computing.

Life Sciences Companies

Firms involved in the field of biology and biotechnology, including pharmaceuticals, biomedical technologies, life systems technologies, and services or products related to the science of living organisms.

Standard Factoring Arrangement

An agreement where a business sells its accounts receivable to a third party at a discount in exchange for immediate cash.

Receivables

Funds due to a company from its customers or clients for goods or services supplied on credit terms; another term for accounts receivable.