Which of the Following Explains Why Pork-Barrel Spending Is Often

question 174

Multiple Choice

Which of the following explains why pork-barrel spending is often approved, even when the spending is inefficient?

• A) Each representative has little incentive to oppose pork-barrel spending since the tax savings would accrue to taxpayers throughout the nation.
• B) General opposition to pork-barrel spending by a legislator would make it more difficult for the legislator to arrange for pork-barrel projects that provide concentrated benefits for his district.
• C) Logrolling increases the likelihood that pork-barrel projects will be approved.
• D) All of the above are correct.

Grasp the nature of property ownership and the conceptual rights involved.

Analyze the conditions under which a person can transfer or sell property they do not own but have rights to use.

Recognize the conditions and responsibilities involved in bailments, including care levels required and liability for damage.

Distinguish between personal and real property.

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Definitions:

Cash Basis

An accounting method that recognizes revenues and expenses only when cash is received or paid, as opposed to the accrual basis accounting.

Depreciation

The systematic allocation of the depreciable amount of an asset over its useful life, reflecting wear and tear, obsolescence, or loss of usefulness.

Plant And Equipment

Plant and Equipment refer to the long-term assets used in the operation of a business, excluding buildings or real estate, that contribute to the production process.

Notes Payable

A financial obligation represented by a written promissory note, which specifies the amounts borrowed, interest rate, and maturity date.