What Term Is Used to Define the Winner of an Election

question 21

Multiple Choice

What term is used to define the winner of an election as the candidate with the most votes?

• A) Majority
• B) Simple majority
• C) Virtual majority
• D) Plurality
• E) Distributive winner

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Definitions:

Bank Reconciliation

Aligning an organization's bookkeeping figures for a cash account with the related details found on a bank statement.

Checkbook Balance

The balance of a checking account according to the checkbook's records, not necessarily the same as the bank statement balance.

Journal Entries

Records of financial transactions in the chronological order made in the accounting journals.

Petty Cash Fund

A small amount of cash on hand used for paying minor expenses, managed through a system of replenishment.