The Term Iron Triangle Refers to

question 2

Multiple Choice

The term iron triangle refers to

• A)a tightly-knit set of lobbying groups.
• B)the relationship among the Congress,the military,and defense contractors.
• C)a small and informal but relatively stable set of bureaucrats,legislators,and lobbyists who are concerned with promoting a particular interest.
• D)the strategy of lobbying all three branches of government simultaneously.
• E)a corrupt relationship among the president,Congress,and the Supreme Court.

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Definitions:

Present Value

The current value of a future sum of money or stream of cash flows given a specified rate of return.

Liability Reported

The recording of an obligation or debt that a company owes to outside parties in the financial statements.

Balance Sheet

A financial record that lists a corporation's assets, obligations, and the equity held by shareholders at a particular time.

Incremental Borrowing Rate

The interest rate a lessee would have to pay to borrow on a collateralized basis over a similar term, an amount equal to the lease payments in a similar economic environment.