_____ Are Formed by an Organization,industry,or Individual for the Purpose

question 24

Multiple Choice

_____ are formed by an organization,industry,or individual for the purpose of collecting money and contributing to selected political candidates or causes.

• A)Political parties
• B)Political action committees
• C)Election committees
• D)Campaign committees
• E)Plutocracy committees

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Definitions:

Asset

An economic resource owned or controlled by an individual or company, expected to provide future benefits.

Liability

A financial obligation or debt owed by a business to an external entity that must be repaid.

Accounts Payable

A current liability account that represents amounts owed by a business to creditors for purchases or services received.

Office Supplies

Items such as pens, paper, and other materials used for daily operations in an office setting.