Part of the Reason Incumbents Are So Successful at Reelection

question 119

True/False

Part of the reason incumbents are so successful at reelection is that they scare off potential challengers.

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Definitions:

Accounting Profits

The net income of a company as calculated by subtracting total expenses from total revenues, in accordance with accounting principles.

Negative

A term used to describe values or balances that are less than zero, often used in financial contexts.

Accounting Profit

The difference between total revenue and total expenses when both are measured in accordance with generally accepted accounting principles.

Savings Account

A deposit account held at a financial institution that provides principal security and a modest interest rate.